Brentwood Industrial Supplies distributes industrial equipment. The company's fiscal year ends on March 31, 2023. One department in the company had 50 industrial sinks that cost $570 each on hand at January 1. 2023, Assume that the company uses a perpetual inventory system. Also assume that monthly purchases of inventory occur on the first day of each month. (Click the icon to view the purchase and sale information.) Required 1. Determine the cost of the department's ending inventory at March 31, 2023, under (a) moving-weighted-average cost and (b) FIFO cost 2. Prepare the dopartment's multi-step inoome statemwnt for the quarter ended March 31,2023 , under each method described in requirement 1. Requirement 1. Delermine the cost of the department's ending inventory at March 31, 2023, under (a) moving-weighted-average cost and (b) FIFO cost. Prepare the perpotual imveritory rocord undor (a) moving-weightod-average (Round average cost per unit to the nearest cent. Round all other calculations to the nearest whole dollar.) Brentwood Industrial Supplies distributes industrial equipment. The company's fescal year ends on March 31, 2023. One department in fre company had 50 industrial sinks that cost $570 each on hand at January 1, 2023. Assume that the cornpany uses a perpetual inventory system. Also assume that monthly purchates of inventory occur on the first day of each month 1. (Click the icon to view the purchase and sale information.) Required 1. Determine the cost of the department's ending inventory at March 31, 2023, under (a) moving-weighted-average cost and (b) FIFO cost. 2. Prepare the department's multi-step income statemont for the quater ended March 31, 2023, under each method described in requirement 1 . Purchases and sales During the quarter, the department purchased merchandise on account as follows: Sales for each month in the quarter were as follows: Operating expenses in the quarter were $98,000