Hi could you solve and explain it?? I also need to formula that you used this question and table.

Plz explain elaborately and attach it as soon as possible.. I have to quickly compare to my answer and submit it. Thanks.

The Manson Co. has the following information available during the fiscal year ended December 31, 2020. January 01 Inventory, 180 units $30/unit beginning balance February 20 Sold 145 units $40/unit April 30 Purchased 350 units $32/unit October 05 Purchased 225 units $35/unit October 10 Sold 540 units $50/unit Manson Co. uses a perpetual inventory system. Required: 1. Calculate in a table a dollar value of ending inventory and cost of goods sold using the following methods: a. FIFO b. Moving weighted average c. Specific identification: on February 20 sold 145 units from the beginning inventory balance, on October 10 sold 320 units from April 30 purchase, 220 units from October 06 purchase 2. Using your calculation on Part 1, complete the following schedule: FIFO Moving weighted Specific average identification Sales Cost of goods sold Gross profit Gross profit ratio