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Marigold Ltd. reports the following inventory transactions in a periodic inventory system for the month of Aplica count determined that 1.700 units were on hand at the end of the month Date Explanation Units Units Cost Total Cost June 1 Beginning inventory 1.550 $5 $7.750 12 Purchases 2.320 6 13.920 16 Purchases 4,830 7 33,810 23 Purchases 1,360 8 10,880 Determine the cost of the ending inventory and cost of goods sold using (1) FIFO and (2) average cost. (Round FIFO answers to the nearest whole dollar, c.8. 5,275 and Average cost answers to 2 decimal places, c3, 15.25. Round unit cost to 6 decimal places.eg. 15.243876) FIFO Average 13500 $ $ 11327 Cost of the ending inventory 55703 $ 53510 Cost of goods sold Marigold Ltd. reports the following inventory transactions in a periodic inventory system for the month of June. Aphical inventory count determined that 1.700 units were on hand at the end of the month Date Units Units Cost Explanation Beginning inventory Total Cost June 1 1.550 $S $7.750 12 Purchases 2.320 6 13.920 16 Purchases 4,830 7 33,810 23 Purchases 1,360 8 10.880 Determine the cost of the ending inventory and cost of goods sold using (1) FIFO and (2) average cost. (Round FIFO arawers to the nearest whole dollar, e.g. 5,275 and Average cost answers to 2 decimal places, es 15.25. Round unit cost to 6 decimal places.cg.15.243876) FIFO Average $ 11327 13500 Cost of the ending inventory

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