Ch 10 Sales Unit Cost $100 $140 Number of Units 240 160 520 400 400 370 Beginning lhventory 10/5 Sold 10/10 Purchased 10/12 Sold 10/20 Purchased 10/29 Sold Ending Inventory $103 Sales Less COGS Gross Margin $142 $110 $144 First-In, First-Out (FIFO)/ Perpetual Inventory (alt+enter for a hard return within a cell) What is the value of the ending inventory? What is the gross margin? What is the cost of goods for this period? COST OF GOODS PURCHASED COST OF GOODS SOLD - Date Qty Price Total Cost Qty Price Total Cost Ending Value TOTAL 1-Oct 240 @$100 $24,000 $ 24,000 5-Oct 160 $100 $16,000|80 @$100 $8,000 $ 8,000 10-Oct 520 $103 $53,560 $ 61,560 12-Oct 20-Oct 29-Oct TOTAL COST OF GOODS SOLD FOR THE PERIOD