Unit Sales Price Unit Units Cost 31 $295 20 308 Date Transaction February 1 Beginning inventory 8 Purchases 15 Sales 19 Purchases 22 Sales 25 Purchases (41) (46) 41 $462 45 308 503 32 313 (a) /1 Your answer is partially correct. Try again. Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Mountain Country uses a perpetual inventory system. (Round answers to 0 decimal places, e.g. 5,275.) FIFO Average Cost of goods sold 26393 26631 Ending inventory 12788 12550 Assignment 3 - Winter 2018 Questions/Exercises