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The Windy Company has the following inventory and purchases during the fiscal year ended December 31, 2020. Beginning Inventory 330 units @ $ 90/unit Feb.

The Windy Company has the following inventory and purchases during the fiscal year ended December 31, 2020.

Beginning Inventory

330

units

@

$

90/unit

Feb.

10

purchased

245

units

@

$

94/unit

Feb.

20

sold

410

units

@

$

170/unit

Mar.

13

purchased

249

units

@

$

88/unit

Sept.

5

purchased

295

units

@

$

74/unit

Oct.

10

sold

550

units

@

$

170/unit

The Windy Company employs a perpetual inventory system. Required: 1. Calculate the dollar value of ending inventory and cost of goods sold using: (Round your intermediate calculations and final answers to 2 decimal places.)

Ending inventory/Cost of Goods Sold a.FIFO

b.Moving weighted average

2. Using your calculations from Part 1, complete the following schedule: (Round your intermediate calculations and final answers to 2 decimal places.)

FIFO/Moving Weighted Average

a.Sales

b.COGS

c.Gross Profit

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