3- Principles of Accounting Assignment Day 12.docx Exercise 6-4 Alternative cost flow assumptions-perpetual inventory system LO2 excel Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and siles of their top selling hockey stick. The hockey stick sells for $130. Units Unit Cost Mar. 1 5 $30 Description Beginning Inventory Purchase Purchase Mar. 3 50 $35 Mar. 6 100 $40 Mar. 17 Sale 45 Mar. 23 Purchase 30 $40 Mar. 31 Sale 120 3- Principles of Accounting Assignment Day 12.docx Mar. 31 Sale 120 Required Calculate the cost of goods sold and ending inventory under the perpetual inventory system using 1. FIFO 2. Moving weighted average, Round all unit costs to two decimal places and round all other numbe to the nearest dollar