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(c) By how much do the results for part (a) differ from E6.6, where the same information was used in a perpetual inventory system? Why? *E6-15 Powder, Inc. sells an Xpert snowboard that is popular with snowboard enthusiasts. The following information shows Powder's purchases and sales of Xpert snowboards during November: Unit Cost Unit Sales Price DateExplanation Nov. 1 Beginning inventory 30 $295 Units 25 (42) 40 (50) 30 300 5 Purchases 12 Sales 19 Purchases 22 Sales 25 Purchases $460 305 470 310 Instructions (a) Determine the cost of goods sold and ending inventory using (1) FIFO and 2) average cost, assuming Powder uses a perpetual inventory system. (For average cost, use unrounded numbers in your calculations but round to the nearest cent fo presentation purposes in your answer.) (b) Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Powder uses a inventory system (For average cost, use unrounded numbers in your calculations but round to the nearest cent for periodic presentation purposes in your answer.) ENG 2019