Applying the Cost of Goods Sold Model

Wilson Company sells a single product. At the beginning of the year, Wilson had $150$ units in stock at a cost of $$8$ each. During the year, Wilson purchased $825$ more units at a cost of $$8$ each and sold $240$ units at $$13$ each, $210$ units at $$15$ each, and $335$ units at $$14$ each.

Required:

Using the cost of goods sold model, what is the amount of ending inventory and cost of goods sold?

Ending inventory

Cost of goods sold

$2.$ What is Wilson's gross margin for the year?

Gross margin