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could use a lot of help with this question, please show work too so I can understand how to do it! The following information relates
could use a lot of help with this question, please show work too so I can understand how to do it!
The following information relates to Hogs Back Falls Ltd's inventory transactions during the month of February. Units Cost/Unit $29.00 Amount $223,300 Feb. 1 10 14 Beginning inventory Sale Purchase Purchase Sale Purchase Sale 7,700 6,500 3,800 500 3,600 4,300 3,000 $30.00 $34.00 18 $114,000 $17,000 25 26 $38.00 $163,400 28 All of the units sold were priced at $93.00 per unit. Hogs Back Falls Ltd. uses the periodic 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 $ Gross Margin $ Ending Inventory $ e Textbook and Media Hogs Back Falls Ltd. uses the periodic 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 4 decimal places, e.g. 10.5217 and final answers to decimal places, e.g. 61,052.) Cost of Goods Sold $ Gross Margin $ Ending Inventory $Step by Step Solution
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