$3$ Alternative cost flows$-$perpetual LO$2$ cel

CHECK FIGURES: $1.$ Ending inventory; a$.$ $$35,750$; b$.$ $$35,107\mathrm{.}80$; $2.$

Ending inventory $=$ $$35,395\mathrm{.}00$

The Stilton Company has the following inventory and credit purchases during the fiscal year ended December $31,2023.$

$\backslash$table$[[$Beginnina$,640$ units,@ $$75/$unit$],[$Feb$.1,350$ units,@ $$72/$unit$],[$Aug$.21........................................................................................,230$ units,@ $$\frac{85}{?}$ unit$]]$

Stilton Company has two credit sales during the period. The units have a selling price of $$135\mathrm{.}00$ per unit.

Sales

$\backslash$table$[[$Mar$.,430],[15,$units$],[$Sept$.,335],[10.,$units$]]$

Stilton Company uses a perpetual inventory system.

Required

Calculate the dollar value of cost of goods sold and ending inventory using:

a$.$ FIFO

b$.$ Moving weighted average. Round to two decimal places.

Calculate the dollar value of cost of goods sold and ending inventory using specific identification, assuming the sales were specifically identified as follows:

Mar. $15$: $230$ units from beginning inventory $200$ units from the February $10$ purchase

Sept. $10$: $225$ units from beginning inventory $40$ units from the February $10$ purchase $70$ units from the August $21$ purchase