Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December 31, 2020. Beginning Inventory March March May August 10 purchased 20 sold 13 purchased 5 purchased September 10 sold 316 units @$77/unit 202 units @$80/unit 368 units @$147/unit 271 units @ $73/unit 268 units @$65/unit 556 units @$147/unit Ontario Skateboard Company employs a perpetual inventory system. Required: 1. Calculate the dollar value of ending inventory and cost of goods sold using FIFO: (Do not round intermediate calculations. Round the final answers to 2 decimal places. Round weighted average all unit costs to two decimal places.)

Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December 31, 2020. Ontario Skateboard Company employs a perpetual invehtory system. Required: 1. Calculate the dollar value of ending inventory and cost of goods sold using FIFO: (Do not round intermediate calculations. Round the final answers to 2 decimal places. Round weighted average all unit costs to two decimal places.)