The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2017 Beginning 626 units @ $77/unit Feb. 10 340 units @ $74/unit Aug. 21 220 units @ $87/unit Stilton Company has two credit sales during the period. The units have a selling price of $137 per unit. Mar 15 Sept 10 Sales 420 units 325 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 Cost of Goods 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: 224 units from beginning inventory, and a 196 units from the February 10 purchase Sept 10: 219 units from beginning inventory, and 38 units from the February 10 purchase, and 68 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 (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. FIFO View transaction list Journal entry worksheet Record the purchase of inventory on credit. Note: Enter debits before credits General Journal Date February 10 Debit Credit c. Specific identification View transaction list Journal entry worksheet