Question 7 of 10 - /6 Martinez Furniture Ltd, uses a perpetual inventory system and has a beginning inventory, as at June 1, of 490 bookcases at a cost of $126 each. During June, the company had the following purchases and sales of bookcases: Sales Purchases Units Unit cost 1,210 $128 Units Date June Unit price 1,050 $206 6 10 14 16 1,850 129 1.520 211 26 1,020 130 (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. e.g 5.52.) Cost of goods sold $ Cost of the ending inventory $