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Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory 277 units @ $ 90/unit March
Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory 277 units @ $ 90/unit March 10 purchased 227 units @ $ 92/unit March 20 sold 349 units @ $ 166/unit May 13 purchased 291 units @ $ 86/unit August 5 purchased 270 units @ $ 79/unit September 10 sold 556 units @ $ 166/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.) 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.)
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