Ingle's Jingles has the following information related to its inventory for the month of February: Date Price/Unit $3.50 $3.75 Quantity Beginning 200 Inventory Feb. 8 Purchase 600 Feb. 16 400 Purchase Feb. 25 Purchase $3.60 150 $4.00 During February, Ingle's Jingles sold 950 units of inventory for $7 each. Ingle's Jingles uses the FIFO cost flow assumption for its inventory. What would the company report as it's Cost of Goods Sold for February? Ingle's Jingles has the following information related to its inventory for the month of February: Price/Unit 200 $3.50 $3.75 Date Quantity Beginning Inventory Feb. 8 Purchase 600 Feb. 16 400 Purchase Feb. 25 150 Purchase $3.60 $4.00 During February, Ingle's Jingles sold 950 units of inventory for $7 each. Ingle's Jingles uses the FIFO cost flow assumption for its inventory. What would the company report as it's Ending Inventory for February? Ingle's Jingles has the following information related to its inventory for the month of February: Date Price/Unit $3.50 $3.75 Quantity Beginning 200 Inventory Feb. 8 Purchase 600 Feb. 16 400 Purchase Feb. 25 Purchase $3.60 150 $4.00 During February, Ingle's Jingles sold 950 units of inventory for $7 each. Ingle's Jingles uses the FIFO cost flow assumption for its inventory. What would the company report as it's Gross Profit for February