Required: Calculate ENDING INVENTORY and COST OF SALES using FIFO and weighted average method. Show all calculations.

Material X supplementary ledger information Transaction Type of transaction Number of units Purchase price / unit 1./01.03.2020 opening balance 125 units $41,00/unit 2./05.03.2020 purchase 40 units $39,80/unit 3./10.03.2020 sale 85 units 4./22.03.2020 purchase 15 units $38,80/unit Required: Calculate ENDING INVENTORY and COST OF SALES using FIFO and weighted average method. Show all calculations