Problem 6-7A Gross profit comparisons and cost flow assumptionsperpetual LO2, 3

Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December 31, 2020.

Beginning Inventory				271	units	@	$	79/unit
March	10	purchased		227	units	@	$	80/unit
March	20	sold		364	units	@	$	148/unit
May	13	purchased		305	units	@	$	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: 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.)

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.)