Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top sellings hockey stick. The hockey stick sells for $130. Description Mar. 1 Beginning Inventory Mar, 3 Purchase Mar. 6 Purchase Mar. 17 Sale Mar 23 Purchase Mar. 31 Sale Units 32 77 127 72 84 174 Unit Cost $57 $ 62 $ 67 $ 67 Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following methods. (C mot round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.)
Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top sellings hockey stick. The hockey stick sells for $130. Description Mar. 1 Beginning Inventory Mar, 3 Purchase Mar. 6 Purchase Mar. 17 Sale Mar 23 Purchase Mar. 31 Sale Units 32 77 127 72 84 174 Unit Cost $57 $ 62 $ 67 $ 67 Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following methods. (C mot round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do not give solution in image format thanku
![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 $130.
Description
Mar. 1 Beginning Inventory
Mar 3 Purchase
Mar 6 Purchase
Mar. 17 Sale
Mar. 23 Purchase
Mar. 31 Sale
Units
32
1. FIFO
2. Moving weighted average
77
127
72
84
174
Unit Cost
$ 57
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.)
Cost of Goods
Sold
$.62
$67
$ 67
Ending
Inventory
www
Moxt](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F61b0aba0-7f29-452f-ab05-e6721bfe85c0%2F727e6262-8f95-4967-b9dc-43e2cf30b76c%2Fd5cqv73_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 $130.
Description
Mar. 1 Beginning Inventory
Mar 3 Purchase
Mar 6 Purchase
Mar. 17 Sale
Mar. 23 Purchase
Mar. 31 Sale
Units
32
1. FIFO
2. Moving weighted average
77
127
72
84
174
Unit Cost
$ 57
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.)
Cost of Goods
Sold
$.62
$67
$ 67
Ending
Inventory
www
Moxt
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