Question 3 Novak Skateshop Ltd. reports the following inventory transactions for its skateboards for the month of April. The company uses the perpetual inventory system Date Apr. 1 Beginning inventory Explanation Units Unit Cost Total Cost $1,590 735 30 15 (35) 20 (25) 20 $53 6 Purchases 9 Sales 14 Purchases 20 Sales 28 Purchases 880 35 700 x Your answer is incorrect. Try again Determine the cost of goods sold and cost of ending inventory using average cost. (Round answers to 2 decimal places, e.g. 1.25.) Cost of Goods Sold 2985 Cost of Ending Inventory 920