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Fly Buy Aircraft sells a wide variety of model aircrafts and uses a perpetual inventory system. On June 1. Fly Buy Aircraft Cessna 560 model airplanes on hand at a unit cost of $85.00. During June and July, the company had the following purcha sales for this airplane (all for cash): Purchases Units Unit Cost Units Sales Unit Price $215.00 June 4 2 18 $105.00 30 6 240.00 July 5 5 110.00 12 3 260.00 25 2 260.00 Determine the cost of goods sold and ending inventory under a perpetual inventory system using (1) FIFO and (2) weighte average. (Round the weighted average cost per unit to two decimal places, eg. 5.27 and final answers to 2 decimal places, eg. 527 FIFO Weighted average Cost of goods sold $ $ Ending inventory $ $ Calculate gross proht using (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to two decim 5.-27 and final answers to 2 decimal places, eg. 5275.) FIFO Weighted average Gross profit $ Fly Buy Aircraft sells a wide variety of model aircrafts and uses a perpetual inventory system. On June 1.Fly Buy Aircraft had five Cesna 560 model airplanes on hand ataunit cost of $85.00. During June and July, the company and the following purchases and sales for this airplane (all for cash) Purchases Units Unit Cost Sales Units June Unit Price $215.00 2 18 5 $105.00 30 6 210.00 July 5 5 110.00 12 3 260.00 25 2 260.00