Suppose Style, the specialty retailer, had these records for ladies' evening gowns during 2020. (Click icon to view records.) Assume sale of evening gowns totalled 128 units during 2020 and that Style uses the weight-average-cost method under the periodic inventory system to account for inventory. The income tax rate is 32% Requirements 1. Compute Style's cost of goods sold for evening gowns in 2020. 2. Compute what cost of goods sold would have been if Style had purchased enough inventory in Decemberat $1,750 per evening gown-to keep year-end inventory at the same level it was at the beginning of the year, 29 units. Requirement 1. Compute Style's cost of goods sold for evening gowns in 2020. (Round all interim calculations to the nearest whole dollar. Round your answer to the nearest whole dollar.) The cost of goods sold is $ Requirement 2. Compute what cost of goods sold would have been if Style had purchased enough inventory in December-at $1,750 per evening gown-to keep year-end inventory at the same level it was at the beginning of the year, 29 units. The cost of goods with the new units would be s X - Accounting records $ 40,600 34,100 Beginning inventory (29 @ $1,400) Purchase in February (22 @ $1,550) Purchase in June (65 @ $1,600) Purchase in December (25@ $1,750) 104,000 43,750 Goods available $ 222,450 Print Done