Ending inventory should either be: a. 875 or b. 960

Problem 6-4B Gross profit comparisons and cost flow assumptions-perpetual Lo2,3 eXcel CHECK FIGURES: 1. Ending inventory; a. $875; b. $60 The Manson Company has the following sales, inventory, and purchases during the fiscal year ended December 31, 2017. Beginning inventory.180 units $30/unit Feb. 20 sold. Apr. 30 purchased.315 units $29/unit Oct. 5 purchased.225 units $25/unit Oct. 10 sold 145 units $40/unit Manson Compang 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 method. 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 Manson Company had been experiencing increasing prices in the purchase of additional inventoru