View Policies Current Attempt in Progress Grouper Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1 of 480 bookcases at a cost of $114 each. During June, the company had the following purchases and sales of bookcases: Purchases Units Unit cost 1,160 $116 Date June Units Sales Unit price 990 $197 6 10 14 16 26 1,810 117 1,620 202 990 118 a) Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. (Use unrounded numbers for average cost calculations. Round answers to 2 decimal places es 5.52) $ Cost of goods sold Cost of the ending inventory $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Aris