Question 2 of 7 -/1 View Policies Current Attempt in Progress Concord Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1. of 510 bookcases at a cost of $138 each. During June, the company had the following purchases and sales of bookcases: Purchases Units Unit cost 1,200 $140 Sales Units Unit price Date June 6 960 $207 10 14 1.860 141 16 1.560 212 26 980 142 (a) Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. (Use unrounded numbers for average cost calculations, Round answers to 2 decimal places, eg 5.52.) GLAGO ter 6 - HW Question 2 of 7 -11 III 10 1,500 212 26 980 142 (a) Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. (Use unrounded numbers for average cost calculations. Round answers to 2 decimal places. eg 5.52.) Cost of goods sold $ Cost of the ending inventory $ e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later Last saved 5 hours ago Saved work will be auto-submitted on the due date. (b)