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 22 67 117 62 64 154 1. FIFO 2. Moving weighted average Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following methods. (Do no round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.) Unit Cost $ 47 $ 52 $.57 $57 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 $130. Description Mar. 1 Beginning Inventory Mar. 3 Purchase Mar. 6 Purchase Mar. 17 Sale Mar. 23 Purchase Mar. 31 Sale Units 22 67 117 62 64 154 1. FIFO 2. Moving weighted average Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following methods. (Do no round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.) Unit Cost $ 47 $ 52 $.57 $57 Cost of Goods Sold Ending Inventory
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
22
67
117
62
64
154
1. FIFO
2. Moving weighted average
Required:
Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following methods. (Do no
round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.)
Unit Cost
$ 47
$52
$.57
$57
Cost of Goods
Sold
Ending
Inventory
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