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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
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 Harchi 10 purchased March 20 Gold E burchased August 5 purchased September 10 sold 207 units 90/unit 191 units 94/unit 345 units $123/unit 305 units 89/unit 270 units 82/unit 541 units 5125/unit Ontario Skateboard Company employs a perpetual inventory system Required: 1. Calculate the solar value of ending inventory and cost of goods sold using (Do not found intermediate calculations: Round the final answers to 2 decimal places. Round walghted average all unit costs to two decimal places Ending Inventory Costa Good Sold E: FIFO b Moving weighted average 15 of 12 13 Next >
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