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Beginning Inventory March 10 purchased March 20 sold May 13 purchased August 5 purchased September 10 sold 316 units $ 90/unit 221 units @ $

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Beginning Inventory March 10 purchased March 20 sold May 13 purchased August 5 purchased September 10 sold 316 units $ 90/unit 221 units @ $ 93/unit 413 units @ $ 163/unit 260 units @ $ /unit 276 units $ 77/unit 464 units @ $ 163/unit Ontario Skateboard Company employs a perpetual inventory system Required: 1. Calculate the dollar value of ending inventory and cost of goods sold using (Do not round intermediate calculations. Round the final answers to 2 decimal places. Round weighted average all unit costs to two decimal places.) Ending Inventory Cost of Goods Sold a FIFO b. Moving weighted average 2. Using your calculations from Part 1, complete the following schedule (Do not round intermediate calculations. Round the final answers to 2 decimal places. Round weighted average all unit costs to two decimal places.) FIFO Moving Weighted Average Sales Cost of goods sold Gross profit

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