Ontario Skateboard Company has the following and purchases during the fiscal year ended Demeber 31, 2020.

Ontario Skateboard Company employs a perpetual inventory system.

Required.

1. Calulate the dollar value of ending inventory and costs of good sold using:

2. Using your calculations from part 1, complete the following schedule:

\begin{tabular}{lrlll} Beginning Inventory & 313 units @\$ & I & p/unit \\ March & 10 & purchased & 210 units @\$87/unit \\ March & 20 & sold & 401 units @\$158/unit \\ May & 13 & purchased & 294 units @\$85/unit \\ August & 5 & purchased & 286 units @\$78/unit \\ September 10 & sold & 474 units @\$158/unit \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline & & Ending Inventory & Cost of Goods Sold \\ \hline a. & FIFO & & \\ \hline b. & Moving weighted average & & \\ \hline \end{tabular}