CHAPTER 6 inventory Couting and on h. $75/unit $72/unit 585 unit Usis 640 units 350 units 230 units Beginning Feb 10 Aug 21 O Ending invertor 35,750 b. 35,107 20 Ending inventory 35, 3AS Stilton Company has two credit sales during the period. The units have a selling price of $135.00 per unit. 1. Calculate the dollar value of cost of goods sold and ending inventory using: Mar 15 Sept. 10 Stilton Company uses a perpetual inventory system. Required Sales 430 units 335 units a. FIFO b. Moving weighted average. Round to two decimal places. 2. Calculate the dollar value of cost of goods sold and ending inventory using specific identification, assum. ing the sales were specifically identified as follows: Mar 15: 230 units from beginning inventory 200 units from the February 10 purchase Sept. 10: 225 units from beginning inventory 40 units from the February 10 purchase 70 units from the August 21 purchase 3. Using information from your answers in Parts 1 and 2 journalize the credit purchase on February 10 and the credit sale on September 10 for each of: a. FIFO b. Moving weighted average c. Specific identification. *Problem 6-3A Alternative cost flows-neriodir 10A