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The Exergy Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020 Beginning 633 units @ $76/unit Feb 10

The Exergy Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020

Beginning 633 units @ $76/unit
Feb 10 345 units @ $73/unit
Aug 21 225 units @ $86/unit

Exergy Company has two credit sales during the period.The units have a selling of $136 per unit.

Sales
Mar 15 425 units
Sep 10 330 units

Exergy Company uses a perpetual inventory system

Required:

  1. Calculate the dollar value of cost of goods sold and ending inventory using (Do not round intermediate calculations. Round Average cost per unit to 2 decimal places. Round the final answers to 2 decimal places.)

Ending Inventory

Cost of Goods Sold

a.

FIFO

b.

Moving Weighted Average

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