Case Defence sells smartphone cases and uses the perpetual inventory system. The following is information on the purchases and sales of Defender Box" cases. On October 1, Case Defence had 40 units with a unit cost of $34. Date Oct. 3 Oct. 6 Oct. 12 Oct. 19 Oct. 23 Oct. 30 Oct. 31 Purchases Sales Units Unit Cost Units Unit Price 30 35 35 $70 40 37 40 $ 70 50 39 45 $ 70 35 40 Required: 1. Calculate the dollar value of cost of goods sold and ending inventory for the month of October using the following methods. (Do not round intermediate calculations. Round weighted average all unit costs to two decimal places and round all other numbers to the nearest dollar.) Ending Inventory Cost of Goods Sold a FIFO b. Moving weighted average 2. Using your calculations in Part 1, complete the following table: (Do not round intermediate calculations. Round the final answers to nearest dollar.) FIFO Moving Weighted Average Sales Cost of goods sold Gross profit 3-a. Which method produce the higher gross profit? O FIFO O Moving weighted average 3-b. Which method produce the higher ending Inventory balance? O FIFO O Moving weighted average Now 4. Calculate the gross profit percentage for FIFO and Moving weighted average for the month of October (Round the final answers to the nearest whole number.) Gross Profit percentage 1. FIFO 2 Moving weighted average %