Question 1: Perpetual Inventory Costing - 10 Marks On December 31, 2019, The Snowboarding Company provided the following information for one of its top-selling snowboards. DATE TRANSACTION UNITS COST PRICE/SALE PRICE 01-Dec Beginning inventory 26 units $197 (each - Coat Price) 05-Dec Sale (12 units) 12-Dec Purchase 65 units $210 (each - CostPrice) 16-Dec Sale (50 units) 19-Dec Purchase 38 units $215 (each - Cost Price) 22-Dec Sale (62 units) Sale price of units was $300 per unit REQUIRED: The Snowboarding Company uses a perpetual inventory system and the FIFO method of costing inventory. Answer the following questions. (Use of the table is optional) A. What is the cost of goods sold for the month of December using FIFO? (2 marks) B. What is the gross margin for the month of December? (2 marks) Sale price on REQUIRED The Snowboarding Company uses a perpetual inventory system and the FIFO method of costing inventory. Answer the following questions. (Use of the table is optional) A. What is the cost of goods sold for the month of December using FIFO? (2 marks) B. What is the gross margin for the month of December? (2 marks) C. What is the total number of units in inventory at the end of December? (2 marks) D. What is the total cost of the units in inventory at the end of December (2 marks) E. What is the cost of goods sold if using moving weighted average? (2 marks) Question 2 (12 points)