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Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2020 as

Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2020 as follows:

Jan. 1 Beginning inventory 120 units @ $ 7.10 = $ 852.00
Jan. 10 Sold 70 units @ $ 15.60 = 1,092.00
Mar. 7 Purchased 310 units @ $ 6.40 = 1,984.00
Mar. 15 Sold 125 units @ $ 15.60 = 1,950.00
July 28 Purchased 560 units @ $ 6.20 = 3,472.00
Oct. 3 Purchased 510 units @ $ 6.10 = 3,111.00
Oct. 5 Sold 680 units @ $ 15.60 = 10,608.00

Required:3. Determine the share of the cost of goods available for sale calculated in Part 1 that should be assigned to ending inventory and to goods sold under: (Do not round the intermediate calculations and round the final answers to nearest whole dollar.) FIFO

Ending Inventory ____________ Cost of goods sold _______________

Moving weighted average

Ending Inventory ___________ Cost of goods sold_______________

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