Compute the following base on the given data.

ABC Company whose operation started in 2010 has the following informa1ion: m Net inoome, F|F0I 300,000 (3051 of sales, Weighted average 800,000 The ending inventories are as folio w: FIFO 20,000 Weighted average 1 5,000 Moving average 18,000 Compute the following: Cost of Sales 2020 320,000 840,000 22,000 17,000 17,500 2021 290,000 820,000 25,000 1 5,500 18,500 Moving average