Question 4 of 7 0.75/1 View Policies Show Attempt History Current Attempt in Progress Snow-Tech, Inc. sells an Xpert ski that is popular with ski enthusiasts. The following information shows Snow-Tech's purchases and sales of Xpert skis during November: Date Nov. Units 34 Explanation Beginning inventory Purchases Sales Purchases Sales Purchases 12 19 Unit Unit Sales Cost/Price Price $297 302 463 307 515 312 24 (41) 41 (49) 32 41 (a) Question 4 of 7 0.75/1 (a) Your answer is correct Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Snow-Tech uses a perpetual inventory system. (Round FIFO answers to the nearest whole dollar, eg. 5,275 and Average cost answers to 2 decimal places, e.g. 15.25. Do not round intermediate calculations.) FIFO Average Cost 27.170.00 $ 27.191.00 Cost of goods sold $ Ending inventory $ 12.747.00 $ 12.726.00 e Textbook and Media Attempts: 1 of 3 used Question 4 of 7 > 0.75/1 111 (b) Your answer is partially correct Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Snow-Tech uses a periodic inventory system (Round FIFO answers to the nearest whole dollar, e.g. 5,275 and Average cost answers to 2 decimal places, eg, 15.25. Round per unit cost to 2 decimal places, eg. 15.25.) FIFO Average Cost Cost of goods sold 27.170.00 $ 27,191.00 Ending inventory $ $ $ 12.747.00 $ 12.710.00 eTextbook and Media Save for Later Attempts: 2 of 3 used Subrit