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 Units Unit Unit Sales Cost/Price Price $297 Nov. Explanation Beginning inventory Purchases 1 31 5 22 302 Sales (41) 476 12 19 Purchases 43 307 22 Sales (47) 487 25 Purchases 33 312 41 (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 $ $ $