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please provide me with an explanation as to how you got the answers. Blue Ltd. uses the perpetual inventory system and reports the following inventory

image text in transcribed please provide me with an explanation as to how you got the answers.
Blue Ltd. uses the perpetual inventory system and reports the following inventory transactions for the month of June Date Explanation Units Unit Cost/Price Total Cost June 1 Beginning inventory 1,370 $6 $8,220 12 Purchases 2,430 7 17,010 15 Sale (2,540) 12 16 Purchases 4,070 8 32,560 23 Purchases 1,400 9 12,600 27 Sales (5,230) 15 (a) Determine the cost of goods sold and the cost of the ending inventory using (1) FIFO and (2) Average cost. (Round average cost per unit and answers to 2 decimal places, eg. 1.25) FIFO Average $ $ Cost of goods sold $ Cost of ending inventory $

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