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Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December 31, 2023 Beginning Inventory March 10 purchased March 20
Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December 31, 2023 Beginning Inventory March 10 purchased March 20 sold May 13 purchased August 5 purchased September 10 sold 322 units @$ 91/unit 191 units @$ 92/unit 394 units @$155/unit 260 units @$ 87/unit 263 units @$ 82/unit 561 units @$155/unit Ontario Skateboard Company employs a perpetual inventory system Required: 1. Calculate the dollar value of ending inventory and cost of goods sold using: (Do not round intermediate calculations. Round the final answers to 2 decimal places. Round all weighted average unit costs to two decimal places.) a FIFO b. Moving weighted average Ending Inventory Cost of Goods Sold 4 2. Using your calculations from Part 1, complete the following schedule. (Do not round intermediate calculations. Round the final answers to 2 decimal places. Round all weighted average unit costs to two decimal places.) Sales Cost of anors sold FIFO Moving Weighted Average
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