Joe's Product Co. made the following purchases during the current quarter ending on March 31

DateTransactionNumber

of UnitsPer

UnitTotalJan. 1Beg Inv15$99$1,485Jan. 15Purchase20$101$2,020Jan. 22Sale10$150$1,500Feb. 1Purchase10$103$1,030Feb. 8Purchase15$104$1,560Feb. 24Sale12$150$1,800March 15Sale5$160$800

Of the units sold on January 22, 7 came from beginning inventory and 3 came from the Jan. 15 purchase. The units sold on Feb. 24 contained 5 units from the Feb. 1 purchase and 7 units from the Feb. 8 purchase. Finally, the units sold on March 15 came entirely from beginning inventory.

Compute COGS, Ending Inventory, and Gross Margin for this Joe's Product's March 31st financial statements.

COGS:

Ending Inventory:

Gross Margin: