Please give clear steps. Thank you.

Show Attempt History Current Attempt in Progress Blue Inc. uses a perpetual inventory system. Its records show the following for the month of May. ns es Unit Total Date Explanation Units Cost Cost May 1 Inventory 31 $8 $248 May 15 Purchase 24 9 216 May 18 Sale (43) May 24 Purchase 39 10 390 Total 51 $854 *a| (a) Attempts: 2 of 2 used (b) Calculate the cost of goods sold for May and the ending inventory at May 31 using the average cost formula. (For average, use 3 decimal places, eg, 15.235 in your calculations and round final answers to 2 decimal places, eg 5.25.) Cost of goods sold $ Ending Inventory $ e Textbook and Media Assistance Used e Textbook Save for Later Attempts: 0 of 2 used Submit Answer Your grade has been recorded in the Gradebook. Sat, Jun 13, 2020, 12:46:22 AM (America/Toronto-04:00)