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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 31,2023. 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 all weighted average unit costs to two decimal places.) 2. Using your falculations from Part 1, complete the following schedule: (Do not round intermediate calculations. Round the final 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 all weighted average unit costs to two decimal places.)
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