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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

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 5 $30
Mar. 3 Purchase 50 $35
Mar. 6 Purchase 100 $40
Mar. 17 Sale 45
Mar. 23 Purchase 30 $40
Mar. 31 Sale 120

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: ending inventory _________ cost of goods sold __________

2. Moving weighted average: ending inventory________ cost of goods sold___________

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