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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 20 $45
Mar. 3 Purchase 65 $50
Mar. 6 Purchase 115 $55
Mar. 17 Sale 60
Mar. 23 Purchase 60 $55
Mar. 31 Sale 150

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 Average cost of goods sold

2. Moving Weighted Average

For both 1 and 2!

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