Strong-Navy Surplus Ltd. began July 2020 with 75 tents that cost $18 each. During the month, Strong-Navy Surplus made the following purchases at cost: (Click the icon to view the purchases.) Strong-Navy Surplus sold 328 tents (158 tents on July 22 and 170 tents on July 30), and at July 31 the ending inventory consists of 49 tents. The sale price of each tent was $51. Requirements Requirement 1. Determine the cost of goods sold and ending inventory amounts for July under (a) weighted-average cost and (b) FIFO cost. Round weighted-average cost per unit to four decimal places, and round all other amounts to the nearest dollar. (Assume a perpetual inventory control system is used.) Ending inventory Cost of goods sold Weighted- Average Cost Purchases July 4 101 tents @ $ 20 = $ 2,020 19 156 tents @ 22 = 3,432 25 45 tents @ 23 = 1,035 Print Done