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Date Caring Hands Ltd is a retailer specializing in hand care products. The company donates twenty percent of its profits to local charities. Caring Hands

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Date Caring Hands Ltd is a retailer specializing in hand care products. The company donates twenty percent of its profits to local charities. Caring Hands uses the periodic inventory system and the following limited information relates to Caring Hands Ltd.'s inventory transactions during the month of May: Units Cost/Unit Amount May 1 Beginning Inventory 7.900 $34 $268,600 5 Sale 3,500 Purchase 1,600 $41 $65,600 Purchase 900 $42 $37,800 20 Sale 3,600 28 Purchase 2.400 $47 $112 800 30 4,000 13 17 Sale Units sold were priced at $59. Calculate Caring Hands cost of goods sold, gross margin and ending inventory for the month of May using FIFO Cost of Goods Sold Gross Margin S S Ending Inventory $ Calculate Caring Hands cost of goods soll, gross margin, and ending inventory for the month of May using FIFO. $ Cost of Goods Sold Gross Margin Ending Inventory $ $ -145 Question Part Score Calculate Caring Hands' cost of goods sold, gross margin, and ending inventory for the month of May usine weighted average (Round calculations for cost per unit to 3 decimal places, es. 10.521 and final answers to decimal places, eg. 61,051.) Cost of Goods Sold's Gross Margin Ending Inventory $ --/4.5 Question Part Score

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