Exercise 6-4 Alternative cost flow assumptions-perpetual inventory system LO2

Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling hockey stick. The hockey stick sells for $130.

		Description	Units	Unit Cost
Mar.	1		Beginning Inventory		25		$	50
Mar.	3		Purchase		70		$	55
Mar.	6		Purchase		120		$	60
Mar.	17		Sale		65
Mar.	23		Purchase		70		$	60
Mar.	31		Sale		160

Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following methods. (Do not round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.)