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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 December

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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 December 31, 2020. Beginning Inventory March 10 purchased March 20 sold Hay 12 purchased August 5 purchased September 10 sold 289 units $ 79/unit 210 units $ 82/unit 405 units $ 165/unit 302 units $ 76/unit 281 units e$ 70/unit 500 units @ $165/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 coleulations. Round the final answers to 2 decimal places. Round weighted average all unit costs to two decimal places.) Ending Inventory Cost of Goods Sold FIFO Moving weighted average 3 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 Goode sold a FIFO b. Moving weighted average UN 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 pront

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