Sport Box sells a wide variety of sporting equipment. The following is information on the purchases...
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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 $125. Description Mar. 1 Beginning Inventory Units 15 Unit Cost $ 40 Mar 3 Purchase 60 $45 Mar. 6 Purchase Mar 17 Sale Mar. 23 Purchase Mar. 31 Sale 110 55 $.50 50 $ 50 140 Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following methods. (Do not round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.) 1. FIFO 2. Moving weighted average Cost of Goods Sold Ending Inventory 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 $125. Description Mar. 1 Beginning Inventory Units 15 Unit Cost $ 40 Mar 3 Purchase 60 $45 Mar. 6 Purchase Mar 17 Sale Mar. 23 Purchase Mar. 31 Sale 110 55 $.50 50 $ 50 140 Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following methods. (Do not round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.) 1. FIFO 2. Moving weighted average Cost of Goods Sold Ending Inventory
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