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Pioneer Limited uses a perpetual inventory system. Inventory data for the year ended December 31, 2019, are as follows: Beginning inventory February 28 purchase 1st

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Pioneer Limited uses a perpetual inventory system. Inventory data for the year ended December 31, 2019, are as follows: Beginning inventory February 28 purchase 1st quarter sales July 31 purchase 2nd quarter sales October 31 purchase 30 units at $120 each 35 units at $125 each 60 units 45 units at $130 each 30 units 50 units at $135 each Required Determine the amounts to report for Cost of Goods Sold and Ending inventory using FIFO and the weighted average cost method

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