The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020. Beginning Feb. 10 Aug. 21 521 units @ $88/unit 265 units @ $85/unit 145 units @ $98/unit Stilton Company has two credit sales during the period. The units have a selling price of $148 per unit. Sales Mar. 15 345 units Sept. 10 250 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.) Ending Inventory Cost of Goods Sold a. FIFO b. Moving weighted average $ 30,143.69 $ 52,436.31 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: 179 units from beginning inventory 166 units from the February 10 purchase Sept.10: 174 units from beginning inventory 23 units from the February 10 purchase 53 units from the August 21 purchase Ending Inventory Cost of Goods Sold Specific Identification 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 View transaction list Journal entry worksheet Record the purchase of inventory on credit. Note: Enter debits before credits. General Journal Debit Credit Date February 10 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 View transaction list X: > 1 Record the purchase of inventory on credit. 2 Record a credit sale. 3 Record the sale of merchandise. Credit 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.) View transaction list Journal entry worksheet Record the sale of merchandise. Note: Enter debits before credits. General Journal Debit Credit Date September 10 c. Specific identification View transaction list X > 1 Record the purchase of inventory on credit. 2 Record a credit sale. 3 Record the sale of merchandise. Credit