Sarasota Inc. is a retailer using a perpetual inventory system. All sales returns from customers result in the goods being returned to inventory. (Assume that the inventory is not damaged.) Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Sarasota inc. for the month of January. Using Average method, calculate (i) cost of goods sold, (ii) ending inventory, and (iii) gross profit. (Round average cost to 3 decimal places, eg. 5.252 and final answers to 2 decimal placer e.g 5.25.) Cost of goods sold $ Ending Inventory $ Gross Profit 5