Question 25 Worth-A-Read, a bookseller, had the following transactions during the month of January 2019 and uses the perpetual inventory system Not yet answered Marked out of 2.00 Date Transaction Purchases Sales Balance Quantity Cost Quantity Cost Quantity Cost 0 $0 Jan 1 P Flag question 16 $35 16 Jan 1 Bought 16 novels at $35 each. Jan 2 Bought 21 bags at $42 each. $35 $35 16 21 $42 $42 21 10 Jan 5 Sold 6 novels. 6 $35 $35 21 $42 Jan 16 Bought 22 pencil cases at $6 each. 10 $35 21 $42 22 $6 22 $6 Jan 21 Sold 6 bags 10 $35 6 $42 15 $42 22 $6 Required The company uses the specific identification cost method for inventory valuation. Calculate the cost of goods sold, and the value of ending inventory on January 21. Do not enter dollar signs or commas in the input boxes, Cost of Goods Sold = $ Ending Inventory = $ ious page Next page