a) calculate the cost of goods sold for july using the weighted average cost formula. Answer: Cost of goods sold: $203616

b) calculate the cost of goods sold for july using the first-in, first-out cost formula

c) Which of the two inventory cost formulas results in the greater gross margin for july? (provide both calculations)

d)Which of the two inventory formulas results in the larger inventory balance at the end of july? (provide both calculations)

At the beginning of its operations in July 2024, Carla Vista Pet Shop Ltd. began with 9,120 units of inventory that it purchased at a cost of $14.60 each. The company's purchases during July were as follows: Carla Vista Pet Shop uses a perpetual inventory system