Sheffield ltd. uses the perpetual inventory system and reports and following inventory transactions for the month of july

View Policies Current Attempt in Progress Sheffield Ltd. uses the perpetual inventory system and reports the following inventory transactions for the month of June: Date Units Unit Cost Total Cost Explanation Beginning inventory June 1 1.550 $4 $6,200.00 12 Purchases 2,170 5 10,850 15 Sale (2,330) 16 Purchases 4.920 6 29.520 23 Purchases 1,380 7 9,660 27 Sales (6.210) Determine the cost of goods sold and the cost of the ending inventory using (1) FIFO and (2) Average cost. (Round average final answers to 2 decimal places, eg, 1.25. Do not round intermediate calculations.) FIFO Average Cost of goods sold $ $ Cost of ending inventory $ $ MacBook Pro