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Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling hockey stick.

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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 Units Unit Cost Mar. 1 Beginning Inventory 25 $ 50 Mar. 3 Purchase Mar. 6 Purchase Mar. 17 Sale Mar. 23 Purchase Mar. 31 Sale 70 $ 55 120 $ 60 65 70 $ 60 160 Required: Calculate the cost of goods sold and ending ventory under the perpetual inventory system using the following methods. (Do no 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

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