Problem 6-7A Gross profit comparisons and cost flow assumptions-perpetual LO2, 3 Ontario Skateboard Company has the following Inventory and purchases during the fiscal year ended December 31, 2020. Beginning Inventory March 10 purchased March 20 Sold May 13 purchased August 5 purchased September 18 sold 286 units @ 85/unit 216 units @ 89/unit 375 units @$179/unit 385 units @$ 82/unit 260 units @ 73/unit 556 units $179/unit Ontario Skateboard Company employs a perpetual Inventory system Required: 1. 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 weighted average all unit costs to two decimal places.) Ending Inventory Cost of Goods Sold a FIFO b. Moving weighted average 2. Using your calculations from Part 1, complete the following schedule: (Do not round Intermediate calculations. Round the final answers to 2 decimal places. Round weighted average all unit costs to two decimal places.) FIFO Moving Weighted Average Sales Cost of goods sold Gross profit