problem 6-7A

ontario skateboard company has the following inventory and purchases during the fiscal year ended december 31

Problem 6-7A Gross profit comparisons and cost flow assumptions-perpetual LO2, 3 10 Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December 31, 2020 20 points Beginning Inventory March 10 purchased March 20 sold 13 purchased August 5 purchased September 10 sold 322 units 591/unit 391 units 05 92/unit 394 units 5155/unit 200 units es 87/unit 263 units 05. 02/unit 561 units $155/unit May BOX 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.) Print Ending inventory Cost of Goods Sold References FO b Moving weighted average 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.) FIRO Moving Weight Average Sales Cort of goods sold (Gross proth