Assume Perpetual Inventory for the info below and find.

1 COGS

2 gross margin

3 end inventory

4 berify end inventory

Using ONLY the FIFO method

thanks!!!

Revenu Date , 1-Jan S 15-Mar 30-May 10-Aug 20-Nov Perpetual Inventory Transactio Units Price Beg.Inventory 100 $ 50 $ Purchased 300 $ 55 $ Sold 200 $ 100 Purchased 400 $ 65 $ Sold 500 $ 105 Cost 5,000 16,500 $ 20,000 26,000 $ 52,500