Problem 6-3B Gross profit comparisons and cost flow assumptions-perpetual LO2.3 The Manson Company has the following sales, inventory, and purchases during the fiscal year ended December 31, 2014. Beginning inventory.......... Feb. 20 sold ......... Apr. 30 purchased.... Oct. 5 purchased Oct. 10 sold........... 180 units 145 units 315 units 225 units 540 units @ $30/unit $40/unit $29/unit $25/unit $40/unit Manson Company employs a perpetual inventory system. Required 1. Calculate the dollar value of ending inventory and cost of goods sold using: a. FIFO b. Moving weighted average method. Round all unit costs to two decimal places. 2. Using your calculations from Part 1, complete the following schedule: Moving Weighted Average FIFO Sales ...... Cost of goods sold Gross profit...... Analysis Component: How would the gross profits calculated in Part 2 above change if Manson Company had been experiencing increasing prices in the purchase of additional inventory