Suppose Style, the specialty retailer, had these records for ladies' evening gowns during 2020. E (Click icon to view records.) Assume sale of evening gowns totalled 125 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 $1,650 per evening gownto keep year-end inventory at the same level it was at the beginning of the year, 30 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 Decemberat $1,650 per evening gownto keep year-end inventory at the same level it was at the beginning of the year, 30 units. The cost of goods with the new units would be s Accounting records $ 42,000 Beginning inventory (30 @ $1,400) Purchase in February (30 @ $1,500) Purchase in June (61 @ $1,550). 45,000 94,550 34,650 Purchase in December (21 @ $1,650) $ 216,200 Goods available