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Fancy Company sells just one product and had the following transactions during May 2021 : Required: Compute the following amounts, under the following independent assumptions

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Fancy Company sells just one product and had the following transactions during May 2021 : Required: Compute the following amounts, under the following independent assumptions of inventory costing methods used. Round calculations to two decimal places and round the answer to the nearest whole dollar. A) Ending inventory, assuming FIFO inventory costing method (perpetual): (3 marks) B) Cost of goods sold, assuming Weighted Average inventory costing method (perpetual): (6 marks)

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