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: \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{2}{|c|}{ Date } & Explanation & Units & UnitCost/Price \\ \hline \multirow[t]{7}{*}{ Nov. } & 1 & Beginning inventory & 35 & $297 \\ \hline & 5 & Purchases & 22 & 302 \\ \hline & 12 & Sales & (38) & 464 \\ \hline & 19 & Purchases & 42 & 307 \\ \hline & 22 & Sales & (49) & 475 \\ \hline & 25 & Purchases & 32 & 312 \\ \hline & & & 44 & \\ \hline \end{tabular} Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Snow-Tech uses a periodic inventory system. (Round FIFO answers to 0 decimal places, e.g. 5,275 and Average cost answers to 2 decimal places, e.g. 5,275.25. Round per unit cost to 2 decimal places, e.g. 15.25.)
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