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Sheffield Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 520 bookcases at a cost $122 each. During June the company had the following purchases and sales of bookcases: Purchases Sales Date Units Unit cost Units Unit price June 6 $124 $206 1.850 16 16:30 211 26 1.030 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, eg 5.52) $ Cost of goods sold $ Cost of the ending inventory