Question 1 of 6 View Policies Current Attempt in Progress Snow-Tech, Inc. sells an Xpert ski that is popular with ski enthusiasts. The following information shows Snow-Tech sales of Xpert skis during November: Date Explanation Unit Unit Sales Cost/Price Price Units Nov. 1 Beginning inventory 32 $297 5 Purchases 20 302 12 Sales (43) 484 19 Purchases 40 307 22 Sales (45) 495 25 Purchases 33 312 37 (a) !1 Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Snow-Tech 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 26596 $ 26602 Ending inventory 11524 $ 11518 Attempts: 1 of 1 used (b) Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Snow-Tech uses a periodic inventory system. (Round FIFO answers to the nearest whole dollar.e.3. 5,275 and Average cost answers to 2 decimal places, c.3. 15.25. Round per unit cost to 2 decimal places, es. 15.25.) FIFO Average Cost Cost of goods sold $ $ Ending inventory $ $