Sand Courses a perpetual inventory system and reports the following inventory transactions for the month of July Units Unit Cost 150 $8.00 230 9.50 (250) 490 11.00 Total Cost $1,200.00 2,185.00 July 1 Inventory 12 Purchases 20 Sale 28 Purchases 5,390.00 e unit totivo decimal 527 and final Calculate the cost of goods sold and ending Inventory under (1) FIFO and (2) weighted average (Round the weighted aver answers to 2 decimal places, s. 5,275,75) Weighted average Cost of goods sold $ Ending Inventory eTextbook and Media Which cost formula gives the higher ending Inventory? cost formula gives the higher ending Inventory. EL Which cost formula gives the higher ending inventory? cost formula gives the higher ending invent eTextbook and Media Which cost formula results in the higher cost of goods sold? cost formula results in the higher cost of goods