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Snow-Tech, Inc. sells an Xpert ski that is popular with ski enthusiasts. The following information shows Snow-Tech's purchases and sales of Xpert skis during November:

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Snow-Tech, Inc. sells an Xpert ski that is popular with ski enthusiasts. The following information shows Snow-Tech's purchases and sales of Xpert skis during November: Unit Unit Sales Cost/Price Price Date Explanation Units Nov. 1 Beginning inventory 35 $297 5 Purchases 22 302 12 Sales 464 (38) 19 Purchases 42 307 22 Sales 475 (49) 25 312 Purchases 32 44 Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Snow-Tech uses a perpetual inventory system. (Round FIFO answers to the nearest whole dollar, e.g. 5,275 and Average cost answers to 2 decimal places, eg. 15.25. Do not round intermediate calculations.) FIFO Average Cost $ Cost of goods sold $ $ $ $ Ending inventory

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