Problem $6-7$A Gross profit comparisons and cost flow assumptions$-$perpetual LO$2,3$

Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December $31,2023.$

$\backslash$table$[[$Beginning Inventory,$271,$units,@$ $79/$unit$],[$March $10,$purchased,$227,$units,Q$ $80/$unit$],[$March$,$sold,$364,$units,@$$148/$unit$],[$May$,$purchased,$305,$units,Q$ $76/$unit$],[$August $5,$purchased,$237,$units,@$ $71/$unit$],[$September $10,$sold,$536,$units,@$$148/$unit$]]$

Ontario Skateboard Company employs a perpetual inventory system.

Required:

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.$)$

$\backslash$table$[[,,$Ending Inventory,Cost of Goods Sold$],[$a$.,$FIFO,,$],[$b$.,$Moving weighted average,,$]]$