Problem 6.7A Gross profit comparisons and cost flow assumptions-perpetual [G LO2, ( 83eXcol CHECK FIGURES: 1. Ending inventory: a. $10,184,00; b. $11,590.60 Ontario Skateboard Company has the following inveutory and purchases during the fiscal year ended December 31, 2020. Ontario Skateboard 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. Round all unit costs to two decimal places. 2. Using your calculations from Part 1, complete the following schedule: 1. Calculate the dollar value of ending imventory and cost of goods sold using: a. FIFO b. Moving weighted average. Round all unit costs to two decimal places. 2. Using your calculations from Part I, complete the following schedule: Analysis Component: How would the gross profits calculated in Part 2 above change if Ontario Skateboard Company had been experiencing increasing prices in the acquisition of additional inventory? Problem 68A Income statement comparisons and cost fow assumptions-perpetual LO2, 3 e)foel CHECK FIGURE: a. Pront. FIFO =$194,750 During 2020. Fresh Express Company sold 2,410 units of its product on September 20 and 2,550 units on December 22, all at a price of $81 per unit. Incurring operating expenses of $11 per unit sold, it began the year with and made successive purchases of the product as follows