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

Beginning		598 units @ $81/unit
Feb. 10		320 units @ $78/unit
Aug. 21		200 units @ $91/unit

Stilton Company has two credit sales during the period. The units have a selling price of $141 per unit.

Sales
Mar.	15	400 units
Sept.	10	305 units

Stilton 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.)

2. Calculate the dollar value of cost of goods sold and ending inventory using specific identification, assuming the sales were specifically identified as follows:

Mar.	15:	212	units from beginning inventory
		188	units from the February 10 purchase
Sept.	10:	207	units from beginning inventory
		34	units from the February 10 purchase
		64	units from the August 21 purchase

3. Using information from your answers in Parts 1 and 2, journalize the credit purchase on February 10 and the credit sale on September 10 for each of: a. FIFO

b. Moving weighted average (Do not round intermediate calculations. Round "Average cost per unit" to 2 decimal places. Round the final answers to nearest whole dollar.)

c. Specific identification