1.Calculate the dollar value of cost of goods sold and ending inventory using:

2. Calculate the dollar value of cost of goods sold and ending inventory using soecific identification, assuming the sales were soecifically identified as follows.

3. using information from your answers in part 1 and 2 journalize the credit purchase on febuary 10 and the credit sae on september 10 for each of:

-record the purchase of inventory on credit

-record a crefit sale

- record the sale of merchendise

need this asap

The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020 Beginning Feb. 10 Aug. 21 556 units @ $93/unit 290 units @ $90/unit 170 units @ $103/unit Stilton Company has two credit sales during the period. The units have a selling price of $153 per unit Sales Mar. 15 370 units Sept. 10 275 units Stilton Company uses a perpetual inventory system Required: 1. Calculate the dollar value of cost of goods sold and ending inventory using (Do not round intermediate calculations, Round "Average cost per unit" to 2 decimal places. Round the final answers to 2 decimal places.) Ending Inventory Cost of Goods Sold 3 FIFO b Moving weighted average 2 Calculate the dollar value of cost of goods sold and ending inventory using specific identification, assuming the sales were specifically identified as follows: Mar. 15: 194 units from beginning inventory 176 units from the February 10 purchase Sept. 10: 189 units from beginning inventory 23 units from the February 10 purchase 58 units from the August 21 purchase Ending Inventory Cost of Goods Sold Specific Identification