Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December 31,

10

points

eBook

Beginning Inventory					271 units @s 81/unit
March	10	purchased			204 units @sg5/unit
March	20	sold			379 units @$174/unit
May	13	purchased	288		units @$ 77/unit
August	5	purchased			237 units @s67/un1t
September 10		sold			469 units @$ 174/unit

Print

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. Ro final answers to 2 decimal places. Round all weighted average unit costs to two decimal places.)

Ending Inventory

Cost of Goods Sold

FIFO

Moving weighted average

11,258.00

66,088.00

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.)