ter 6 - HW Question 1 of 7 - / 1 Bridgeport Ltd. uses the perpetual inventory system and reports the following inventory transactions for the month of June: Date Unit Cost/Price $4 June 1 Total Cost $5,720 12,000 12 15 Explanation Beginning inventory Purchases Sale Purchases Purchases Sales Units 1,430 2.400 (2.540) 4,530 1.440 (5.720) 5 12 16 6 27,180 10.080 23 27 7 15 (a) Determine the cost of goods sold and the cost of the ending inventory using (1) FIFO and (2) Average cost. (Round average cost per unit and answers to 2 decimal places, eg. 1.250 FIFO Average Cost of goods sold Cost of ending inventory $