Answer to (a2)

The following information relates to Hogs Back Falls Ltd's inventory transactions during the month of February. Units Cost/Unit Amount Feb. 1 Beginning inventory 6,900 $ 22.00 $ 151,800 10 Sale 6,200 14 Purchase 4,300 $ 23.00 $ 98,900 18 Purchase 400 $ 25.00 $ 10,000 25 Sale 4,400 26 Purchase 4,000 $33.00 $ 132,000 28 Sale 3,000 All of the units sold were priced at $ 88.00 per unit. Your answer is correct. Hogs Back Falls Ltd. uses the perpetual inventory system. Calculate Hogs Back's cost of goods sold, gross margin, and ending inventory for the month of February using FIFO. Cost of Goods Sold $ 326700 Gross Margin $ 870100 Ending Inventory $ 66000 (a2) Hogs Back Falls Ltd. uses the perpetual inventory system. Calculate Hogs Back's cost of goods sold, gross margin, and ending inventory for the month of February using weighted-average. (Round calculations for cost per unit to 2 decimal places, eg. 10.52 and final answers to decimal places, e.g. 61,052.) Cost of Goods Sold $ Gross Margin $ Ending Inventory $