Problem 6-7A Gross proflt 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 May 113 purchased August 5 purchased September 10 sold 295 units @ $ 81/unit 195 units @$ 85/unit 390 units @$174/unit 260 units @ $ 78/unit 252 units @ $ 67/unit 510 units $174/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 Intermedlate calculations. Round the ilnal answers to 2 decimal places. Round welghted average all unit costs to two declmal places.) es Ending Inventory Cost of Goods Sold a. FIFO b. Moving weighted average 2. Using your calculations from Part 1, complete the following schedule: (Do not round Intermedlate calculatlons. Round the final answers to 2 declmal places. Round welghted average all unlt costs to two decimal places.) FIFO Moving Weighted Average Sales Cost of goods sold Gross profit