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

Beginning Inventory				316	units	@	$	77/unit
March	10	purchased		202	units	@	$	80/unit
March	20	sold		368	units	@	$	147/unit
May	13	purchased		271	units	@	$	73/unit
August	5	purchased		268	units	@	$	65/unit
September	10	sold		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: (Do not round intermediate calculations. Round the final answers to 2 decimal places. Round weighted average all unit costs to two decimal places.)

	Ending Inventory	Cost of Goods Sold
a. FIFO
b. Moving Weighted Average

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 weighted average all unit costs to two decimal places.)

	FIFO	Moving Weighted Average
Sales
Cost of goods sold
Gross Profit