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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 70 $55 Mar. 6 Purchase Mar. 17 Sale Mar. 23 Purchase Mar. 31 Sale 120 65 $ 60 70 $ 60 160 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

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