Question: Problem 6 - 7 A Gross profit comparisons and cost flow assumptions - perpetual LO 2 , 3 Ontario Skateboard Company has the following inventory

Problem 6-7A Gross profit comparisons and cost flow assumptions-perpetual LO2,3
Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December 31,2023.
\table[[Beginning Inventory,271 units @$79/unit,],[March,10 purchased,227 units @$80? unit],[March,20 sold,364 units @$148/unit],[May,13 purchased,305 units $$76? unit],[August,5 purchased,237 units @$71/unit],[September 10 sold,536 units @$148/unit,]]
Ontario Skateboard Company employs a perpetual inventory system.
Required:
Calculate the dollar value of ending inventory and cost of goods sold using: (Do not round intermediate calculations. Round the final answers to 2 decimal places. Round all weighted average unit costs to two decimal places.
2.Using your calculations from Part 1 compelete the following schedule.
sales
cost of good sold
gross profit
 Problem 6-7A Gross profit comparisons and cost flow assumptions-perpetual LO2,3 Ontario

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