The Stilton Company has the following Inventory and credit purchases during the fiscal year ended December 31, 2020. Beginning Feb. 10 Aug. 21 570 unite . 595/unit 300 units $92/unit 180 unit. $105/unit Stilton Company has two credit sales during the period. The units have a selling price of $155 per unit Balau Mar. 15 380 unite Sept. 10 285 unita 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 FIFO Moving weighted average b. 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: 200 units from beginning inventory 180 units from the February 10 purchase Sept. 10. 195 units from beginning inventory 30 units from the February 10 purchase 60 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 X 1 Record the purchase of inventory on credit. 2. Record a credit sale. 3 Record the sale of merchandise Credint Note : - Journal entry has been entered View general Journal Record entry Clear entry 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 credite General Journal Debit Credit Date February 10 Record entry Clear entry View general Journal c. Specific identification c. Specific identification View transaction list x 1 Record the purchase of inventory de credit 2. Record a credit sale. 3 Record the sale of merchandise. Credit Note: - Journal entry has been entered Record entry Clear entry View general journal