Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December 31, 2020 Beginning inventory 295 units @ S83/unit March 10 purchased 210 units $S7/unit March 20 sold 375 units S163/unit May 13 purchased 277 units @ $81/unit August 5 purchased 260 units $67/unit September 10 sold 515 units $163/unit Ontario Skateboard Company employs a perpetual inventory system. Required 1. Calculate the dollar value of ending inventory and cost of goods sold usine a. FIFO b. Movine weighted average Round all unit costs to two decimal places 2. Using your calculations from Part I, complete the following schedule: Moving Weighted FIFO Average Sales Cost of goods sold Gross profit Analysis Component: How would the gross profits calculated in Part 2 above change if Ontario Skateboard Company had been experiencing increasing prices in the acquisition of additional inventory