Details

Required: Please complete the following Exercise.

Exercise $6-4$ Alternative cost flow assumptions$-$ Perpetual inventory

system LO$2$

Sport Box sells a wide variety of sporting equipment. The following is information on

the purchases and sales of their top selling hockey stick. The Hockey stick sells for

$$130.$

Required:

Calculate the cost of goods sold and ending inventory under the perpetual inventory

system using

FIFO

Moving weighted average. Round all unit costs to two decimal places and

round all other numbers to the nearest dollar