Problem 6-63A Inventory Costing Methods Anderson's Department Store has the following data for inventory, purchases, and sales of merchandise for December for one of the items the company sells: Purchase Price (per unit) $6.00 6.80 7.50 Sale Price (per unit) Activity Beginning inventory Purchase 1, Dec. 2 Purchase 2, Dec. 5 Sale 1, Dec. 7 Sale 2, Dec. 10 Purchase 3, Dec. 12 Sale 3, Dec. 14 Units 10 26 19 25 12 20 12.00 12.00 8.00 12.00 Anderson's uses a perpetual inventory system. All purchases and sales were for cash Required 1. Compute cost of goods sold and the cost of ending inventory using FIFO. If required, round your answers to the nearest cent. Cost of goods sold Cost of ending inventory 2. Compute cost of goods sold and the cost of ending inventory using the weighted average cost method. (Note: Use four decimal places for per-unit calculations and round all other numbers to the nearest penny.) Cost of goods sold Cost of ending inventory 452.6 48 Feedback Check My Wark