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Flint Mart Centre Inc. opened for business on May 1, and uses a perpetual irwentory system. During May, the company had the following purchases and sales for one of its products? Determine the cost of goods sold and cost of ending inventory using (1) FIFO and (2) average cost. (Round Average answers to 2 decimal places, eg. 5.75.).

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Flint Mart Centre Inc. opened for business on May 1, and uses a perpetual irwentory system. During May, the company had the following purchases and sales for one of its products? Determine the cost of goods sold and cost of ending inventory using (1) FIFO and (2) average cost. (Round Average answers to 2 decimal places, eg. 5.75.)

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