Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling hockey stick. The hockey stick sells for $125.

Required

Calculate the cost of goods sold and ending inventory under the perpetual inventory system using

a. FIFO

b. Moving weighted average. (Do not round your ?Unit Cost? answers. Round all other intermediate and final answers to nearest whole dollar.)

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Unit Cost Description Units $40 Mar. 1 Beginning Inventory 15 $45 Mar. 3 Purchase 60 Mar. 6 110 $50 Purchase Mar. 17 Sale 55 Mar. 23 $50 Purchase 50 Mar. 31 Sale 140