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please provide full step by step answers with clear explanation and highlights and bold the answer Sport Box sells a wide variety of sporting equipment.
please provide full step by step answers with clear explanation and highlights and bold the answer
Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling hockey stick. The hockey stick sells for $130. Description Mar. 1 Beginning Inventory Mar. 3 Purchase Mar. 6 Purchase Mar 17 Sale Mar. 23 Purchase Mar. 31 Sale Units 21 66 116 61 62 152 Unit Cost $ 46 $ 51 $ 56 $ 56 Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following methods. (Do not round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.) Ending Inventory Cost of Goods Sold 1. FIFO 2. Moving weighted averageStep by Step Solution
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