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: Date Nov. Unit Unit Sales Cost/Price Price $297 302 1 5 12 19 Explanation Beginning inventory Purchases Sales Purchases Sales Purchases Units 33 20 (39) 45 (45) 33 496 307 22 507 25 312 47 (a) 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, e.g. 5,275 and Average cost answers to 2 decimal places, e.g. 15.25. Do not round intermediate calculations.) FIFO Average Cost Cost of goods sold $ $ $ Ending inventory $ $