Pina Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 490 bookcases at a cost of $132 each. During June, the company had the following purchases and sales of bookcases:

			Purchases				Sales
Date			Units		Unit cost		Units		Unit price
June	6		1,160		$134
	10						950		$201
	14		1,780		135
	16						1,660		206
	26		970		136

(a)

Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. (Use unrounded numbers for average cost calculations. Round answers to 2 decimal places. e.g 5.52.)

Cost of goods sold		$enter the cost of goods sold in dollars rounded to 2 decimal places
Cost of the ending inventory		$enter the cost of goods sold in dollars rounded to 2 decimal places