ABC Company has the following sales, inventory, and purchases during the fiscal year ended December 31, 2020. ABC Company used a perpetual inventory system.

Beginning Inventory	290 units	@	$ 82/unit
March 10 purchased	205 units	@	$ 86/unit
March 20 sold	370 units	@
April 30 purchased	281 units	@	$ 80/units
July 5 purchased	255 units	@	$ 66/unit
September 15 sold	510 units	@

Sales price per unit is $152

Required

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

FIFO

Moving Weighted Average Method. Round all unit costs to two decimal places.

(Show your calculations on 11 columns worksheet)

Using your calculations from part 1, complete the following table for the entire year.

	FIFO	Moving Weighted Average Method
Sales
Cost of Goods Sold
Gross Profit