Question 3 of 6 0.62 / 3.3 View Policies Show Attempt History Current Attempt in Progress Ayayai-Mart Centre Inc. opened for business on May 1, and uses a perpetual inventory system. During May, the company had the following purchases and sales for one of its products: Purchases Sales Date Units Unit Cost Units Unit Price May 1 120 $ 100 3 80 $ 250 8 100 110 13 80 276 15 60 115 20 60 302 27 40 325 (a) - Your answer is partially correct. Determine the cost of goods sold and cost of ending inventory using (1) FIFO and (2) average cost. (Round Average answers to 2 decimal places, e.g. 5.75. FIFO Average Cost of Goods Sold $ 27,600.00 27,764.28 Ending Inventory $ 2,300.00 $ 2,135.71