Use same labels.

FIFO and Moving Weighted Average 24 marks Your score Trout Company used a perpetual inventory system and made purchases and sales of a particular product in 2020 as follows: 01-Jan Beginning Inventory 10-Jan Sold 07-Mar Purchased 15-Mar Sold 28-Jul Purchased 03-Oct Purchased 05-Oct Sold 120 units @ 70 units @ 250 units @ 125 units @ 500 units @ 450 units @ 600 units @ $ 6.00 $ 15.00 $ 5.60 $ 15.00 $ 5.00 $ 4.60 $ 15.00 Required Calculate the ending inventory and the cost of goods sold using FIFO and Moving Weighted Average 16 marks FIFO Purchased Cost of Sales Ending Inventory Date Qty Price Total Qty Cost Total Cost Total 01-Jan 120 6 Qty 720 8 marks Moving Weighted Average Purchased Date Qty Price Cost of Sales Cost Total Ending Inventory Cost Total Total Qty Qty