Saved 2 2. Using your calculations in Part 1, complete the following table: (Do not round intermediate c nearest dollar.) FIFO Moving Weighted Average 0 points Sales Cost of goods sold 00:28:17 Gross profit eBook Print 3-a. Which method produce the higher gross profit? O FIFO O Moving weighted average 3-b. Which method produce the higher ending inventory balance? FIFO Moving weighted average Saved 3-a. Which method produce the higher gross profit? O FIFO O Moving weighted average 3-b. Which method produce the higher ending inventory balance? O FIFO O Moving weighted average 4. Calculate the gross profit percentage for FIFO and Moving weighted average for the month of October. (Round he nearest whole number.) Gross Profit percentage 1 FIFO % 2 Moving weighted average % 9 GIL (25) Saved Case Defence sells smartphone cases and uses the perpetual inventory system. The following is information on the purchases an sales of "Defender Box" cases. On October 1, Case Defence had 38 units with a unit cost of $32. Purchases Units Unit Cost 28 33 Sales Units Unit Price 33 $ 68 38 35 Date Oct. 3 Oct. 6 Oct. 12 Oct. 19 Oct. 23 Oct. 30 Oct. 31 38 $ 68 48 37 43 $ 68 33 38 Required: 1. Calculate the dollar value of cost of goods sold and ending inventory for the month of October using the following methods. (Do round intermediate calculations. Round weighted average all unit costs to two decimal places and round all other numbers to nearest dollar.) Ending Inventory Cost of Goods Sold a FIFO $ 7752 2.660 $ b Moving weighted average