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Saved Problem 6-7A Gross profit comparisons and cost flow assumptions-perpetual LO2, 3 Ontario Skateboard Company has the following inventory and purchases during the fiscal year

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Saved Problem 6-7A Gross profit comparisons and cost flow assumptions-perpetual LO2, 3 Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December 31, 2020 Beginning Inventory March 10 purchased March 20 sold May 13 purchased August 5 purchased September 10 sold 271 units @ $ 81/unit 231 units @ $ 82/unit 398 units $160/unit 299 units @ $ 79/unit 270 units $ 70/unit 567 units $ 160/unit 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. Rou final answers to 2 decimal places. Round weighted average all unit costs to two decimal places.) Ending Inventory Cost of Goods Sold a FIFO D Moving weighted averago 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.) FIFO Moving Weighted Average Sales Cost of goods sold Gross profit

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