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The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 3 1 , 2 0 1 7 . Beginning

The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31,2017.
Beginning 563 units @ $94/unit
Feb. 10295 units @ $91/unit
Aug. 21175 units @ $104/unit
Stilton Company has two credit sales during the period. The units have a selling price of $154 per unit.
Sales
Mar. 15375 units
Sept. 10280 units
Stilton Company uses a perpetual inventory system.
Required:
1. Calculate the dollar value of cost of goods sold and ending inventory using: FIFO AND WEIGHTED AVERAGE

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