Powder, Inc. sells an Xpert snowboard that is popular with snowboard enthusiasts. The following information shows Powder's purchases and sales of Xpert snowboards during November: Unit Unit Sales Date Explanation Units Cost/Price Price Nov. 1 Beginning inventory 5 Purchases 12 12 Sale 34 $295 22 300 (40) 500 22 2 19 Purchases 43 305 Sales (47) 511 25 Purchases 31 310 43 (a) Your answer is incorrect. Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Powder uses a perpetual inventory system. (Round FIFO answers to the nearest whole dollar, eg. 5,275 and Average cost answers to 2 decimal places, eg. 15.25. Do not round intermediate calculations.) Cost of goods sold $ Ending inventory $ eTextbook and Media FIFO A Average Cost