Neverstop Corporation sells item A as part of its product line. Information about the beginning inventory, purchases, and sales of item

A are given in the following table for the first six months of the current year. The company uses a perpetual inventory system:

Required:

Compute the cost of ending inventory by using the weighted$-$average costing method. $($Do not round intermediate calculations and

round the final answer to $2$ decimal places.$)$

Answer is complete but not entirely correct.

Compute the gross profit for the first six months of the current year by using the FIFO costing method. $($Do not round intermediate

calculations and round the final answer to $2$ decimal places.$)$

Answer is complete but not entirely correct.