The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020. Beginning Feb. 10 Aug. 21 507 units @ $86/unit 255 units e $83/unit 135 units @ $96/unit Stilton Company has two credit sales during the period. The units have a selling price of $146 per unit. Sales Mar. 15 335 units Sept. 10 240 units 5 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 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: 173 units from beginning inventory 162 units from the February 10 purchase Sept.10: 168 units from beginning inventory 21 units from the February 10 purchase 51 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 1 2 3 > Record the purchase of inventory on credit Note Enter debits before credits General Journal Debit Credit Date February 10 Record entry Clear entry View general Journal 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 purchase of inventory on credit Note: Enter debits before credits General Journal Debit Credit Date February 10 Record entry Clear entry View general Journal