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Ontarlo Skateboard Company has the following Inventory and purchases during the fiscal year ended December 31, 2020. Beginning Inventory March 10 purchased March 20 sold

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Ontarlo Skateboard Company has the following Inventory and purchases during the fiscal year ended December 31, 2020. Beginning Inventory March 10 purchased March 20 sold May 13 purchased August 5 purchased September 10 sold 295 units @ $ 85/unit 231 units @ $ 88/unit 341 units @ $ 156/unit 302 units @ $ 81/unit 239 units @ $ 71/unit 546 units @ $156/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 welghted 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 welghted average all unit costs to two decimal places.) FIFO Moving Weighted Average Sales Cost of goods sold Gross profit

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