QUESTION 15 Sunflower Bike Shop is a local bicycle retailer. It had 12 town cruiser style bicycles in its inventory at the beginning of June. They were originally purchased at a cost of $320 each. Sunflower's purchase and sales transactions related to this bicycle model during the first week of June consisted of the following: Purchases 15 bicycles at $360 each on June 1 13 bicycles at $340 each on June 5 Sales (all bicycles were sold for $500 each) 9 bicycles on June 2 7 bicycles on June 4 10 bicycles on June 7 Using the information above, answer the two questions below. Each box needs an answer. Enter dollar values with no dollar sign and appropriate commas (e.g. 5,000). ROUND ANSWERS TO THE NEAREST DOLLAR AND DO NOT INCLUDE CENTS (e.g. enter 5,000.14 as 5,000). 1. If Sunflower uses the LIFO method and periodic system for valuation of its inventory, what is Sunflower's COGS for the first week of June? 2. If Sunflower uses the Average Cost method and periodic system for valuation of its inventory, what is the balance in Sunflower's Ending Inventory at the end of the first week of June