accounting

Jackpot Limited uses a perpetual inventory system. Inventory data for the year ended December 31, 2020, are as follows: Beginning inventory February 28 purchase 1st quarter sales July 31 purchase 2nd quarter sales October 31 purchase 40 units at $65 each 60 units at $70 each 35 units 20 units at $60 each 75 units 15 units at $62 each I Required Determine the amounts to report for Cost of Goods Sold and Ending inventory using FIFO and the weighted-average cost method