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Question 2: alternative cost flow assumptions - perpetual inventory system Sport Box sells a wide variety of sporting equipment. The following information on the purchases
Question 2: alternative cost flow assumptions - perpetual inventory system Sport Box sells a wide variety of sporting equipment. The following information on the purchases and sales of their top selling hockey stick. The hockey stick sells for $ 125 Units Unit Cost 1 Description Mar. Beginning Inventory Mar. 3 Purchase Mar. 6 Purchase Mar. 17 Sale Mar. 23 Purchase Mar. 31 Sale 15 60 $40 $45 $50 110 55 50 140 $50 Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using: 1. FIFO 2. Moving weighted average (do not round your "unit cost" answers. Round all other intermediate and final answers to the nearest whole dollar.)
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