M S year ry Problem 6-1A Alternative cost flows-perpetual L The Stilton Company has the folowing inventory and credit purchases during the fisa December 31, 2014. ory $85/unit Begining.. . 50 units Feb .. 250 units 82/unit St per unit. tilton Company has two credit sales during the period. The units have a selling price Sales Mar. 15... Sept. 10.... 330 units 235 units Stilton Company uses a perpetual inventory system. Required 1. Calculate the dollar value of cost of goods sold and ending inventory using 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 iden assuming the sales were specifically identified as follows: Mar. 15: 170 160 Sept. 10: 165 20 50 units from beginning inventory, and units from the February 10 purchase units from beginning inventory, and units from the February 10 purchase, and 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