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				295	units	@	$	82/unit
March	10	purchased		197	units	@	$	85/unit
March	20	sold		341	units	@	$	160/unit
May	13	purchased		302	units	@	$	80/unit
August	5	purchased		283	units	@	$	69/unit
September	10	sold		505	units	@	$	160/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.)