Case Defence sets smartphones and uses the perpetual ventory wym Theologia on the purchase and sales of Defender Bionet On Octoberce Detence had 20 with 24 20 25 30 27 Oct Oct Oct. 12 oet Oct. 23 Oct 30 Oct 31 40 30 20 15 25 360 10 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.) a FIFO b. Moving weighted average 2. Using your calculations in Pan complete the following and rem wers to nearest do.) 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 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.) 1 FIFO 2. Moving weighted average % % 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 30 units with a unit cost of $24. Purchases Sales Date Units Unit Cont Unit Unit Price Oct. 320 25 Oct. 6 25 $50 Oct. 12 30 27 Oct. 19 30 360 Oct. 23 40 29 Oct. 30 35 $60 Oct. 31 30 25 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 FIRO 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.) FIED Moving Weighted Average Sales Cost of goods sold Gross profit 3-a. Which method produce the higher gross profit? O FIFO Moving weighted average 3-b. Which method produce the higher ending inventory balance? O FIFO O Moving weighted average 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.) Gros Pro percentage 1 FIFO 2 Moving weighted average % %