mabled: Test #1 BACC 200 W21 Saved Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2020 as follows Jan. 1 Beginning inventory Jan. 10 Sold Harz 7 Purchased Mar. 15 Sold July 28 Purchased Oct. 3 Purchased Oct. 5 sold 130 units $ 8.00 - $1,040.ce 60 units @ $16.50 - 990.00 400 units @ $ 7.30 - 2,920.00 120 units $16.50 - 1,980.00 650 units $ 7.10 - 4,615.00 600 units @ $ 7.00 - 4,200.00 870 units @ $16.50 - 14,355.ee Assume that Car Armour specifically sold the following units Jan. 10: 60 units from beginning inventory Mar. 15: 30 units from beginning Inventory, and 90 units from the March 7 purchase Oct. S: 350 units from the July 28 purchase, and 520 units from the October 3 purchase Calculate cost to be assigned to ending inventory and cost of goods sold. (Round your final answers to 2 decimal places.) Ending Inventory Cost of goods sold 1 abled: Test #1 BACC 200 W21 Saved On January 1. The Parts Store had a $470,000 inventory at cost. During the first quarter of the year, it purchased $1,610,000 of merchandise, returned $24,100, and paid freight charges on purchased merchandise totalling $38,600. During the past several years, the store's gross profit on sales has averaged 20%. Under the assumption the store had $2,020,000 of sales during the first quarter of the year, use the gross profit method to estimate its inventory at the end of the first quarter. Ending inventory