Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling hockey stick.
Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling hockey stick. The hockey stick sells for $130. Description Mar. 1 Beginning Inventory Units 19 Unit Cost $ 44 Mar. 3 Purchase 64 $ 49 Mar. 6 Purchase Mar. 17 Sale Mar. 23 Mar. 31 Sale 114 $ 54 59 Purchase 58 $ 54 148 Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following methods. (Do not round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.) 1. FIFO 2. Moving weighted average Cost of Goods Sold Ending Inventory Prev 2 of 8 Next>
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