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Martinez-Mart Centre Inc. opened for business on May 1, and uses a perpetual inventory 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 decimal places, e.8. 5.75.).

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Martinez-Mart Centre Inc. opened for business on May 1, and uses a perpetual inventory 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 decimal places, e.8. 5.75.)

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