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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.
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 28 $53 Mar. 3 Purchase 73 $58 Mar. 6 Purchase 123 $ 63 ed Mar. 17 Sale Mar. 23 Purchase Mar. 31 Sale 68 76 166 $63 Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following methods. (Do n 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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