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please be quick On May 31, 2021, The Water Splash provided the following information for one of its top-selling inflatable personal flotation devices (life jackets)

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On May 31, 2021, The Water Splash provided the following information for one of its top-selling inflatable personal flotation devices (life jackets) a. Determine ending inventory December 31, 2020 b. Determine total cost of goods sold for December, 2020, The Water Splash Company uses a perpetual inventory system. Use either the Moving Weighted Average or FIFO method of costing inventory to demonstrate the answers. Completion of the following sheet is OPTIONAL. A table is inserted at the end of this question to enter your answers. Unit Cost $85 Date May 1 May 5 May 12 May 16 May 19 Dec 22 Transaction Beginning Inventory Sale Purchase Sale Purchase Sale Units 30 12 45 SS 40 30 S125 $130 COST OF GOODS AVAILABLE FOR SALE (Beginning Inventory+ Purchases) COST OF GOODS SOLD EXPENSE ENDING INVENTORY Unit Cost Total Cost Total Cost Unit Cost Unit Cost DATE AND ACTIVITY Qty Total Cost Qty Qty

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