case Defence sells smartphone cases and uses the perpetual inventory system . The following is information on the sales of " Defender Box " cases . On October 1 Case Defence had 36 units with a unit cost of $ 30 31 26 31 $ 66 36 33 Date Oct. 3 Oct. 6 Oct. 12 Oct. 19 Oct. 23 Oct. Oct. 31 36 $ 66 46 35 $ 66 41 31 36

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 36 units with a unit cost of $30. Purchases Sales DateUnitsUnit CostUnitsUnit PriceOct.32631 Oct.6 31 $66 Oct.123633 Oct.19 36$66 Oct.234635 Oct.30 41$66 Oct.313136 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.)2. Using your calculations in Part 1, complete the following table: (Do not round intermediate calculations. Round the final answers to nearest dollar.)3-a. Which method produce the higher gross profit?multiple choice 1FIFOMoving weighted average3-b. Which method produce the higher ending inventory balance?multiple choice 2FIFOMoving weighted average4. 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.)