Calculate the ending inventory using FIFO method

cal year ended De Problem -A UUS plum CHECK FIGURES: 1. Ending inventory: a $10,184.00; b. $11,590.60 Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended ber 31, 2020 Beginning inventory March 10 purchased....... March 20 sold ......... May 13 purchased. August 5 purchased... September 10 sold.. 295 units 210 units 375 units 277 units 260 units 515 units $83/unit $87/unit $163/unit $81/unit $67/unit $163/unit @ @ Ontario Skateboard Company employs a perpetual inventory system. Required 1. Calculate the dollar value of ending inventory and cost of goods sold using: a. FIFO b. Moving weighted average. Round all unit costs to two decimal places. 2. Using your calculations from Part 1, complete the following schedule: Moving Weighted Average FIFO Sales Cost of goods sold........... Gross profit Analysis Component: How would the gross profits calculated in Part 2 above change if Ontario Skateboard Company had been experiencing increasing prices in the acquisition of additional inventory