Metlock Company sells discounted shoes to the fashion$-$oriented consumer. The following schedule relates to the company'sMetlock Company sells discounted shoes to the fashion$-$oriented consumer. The following schedule relates to the company's

inventory for the month of March:

Metlock Company uses the periodic inventory system.

$($a$)$

Calculate Metlock Company's cost of goods sold, gross margin, and ending inventory using:

i$.$ FIFO

ii$.$ Weighted$-$average $($Round calculations for cost per unit to $2$ decimal places, e$.$g$.10\mathrm{.}52.)$

inventory for the month of March:

March $1$

$7$

$8$

$15$

$20$

$25$

$27$

Beginning inventory

$3\mathrm{.}300$ units

Purchase

Purchase

Sale

Sale

Purchase

Sale

$1,100$ units

$1\mathrm{.}650$ units

$3\mathrm{.}850$ units

$770$ units

$550$ units

$1,320$ units

Cost

$$100\mathrm{.}650$

$44,000$

$82\mathrm{.}500$

Sales

$$346\mathrm{.}500$

$57,750$

$17,050$

$79\mathrm{.}200$

Metlock Company uses the periodic inventory system

$($a$)$

Calculate Metlock Company's cost of goods sold, gross margin, and ending inventory using:

$$ FIFO

ii$.$ Weighted$-$average $($Round calculations for cost per unit to $2$ decimal places, e$.$g$.10\mathrm{.}52.)$

Cost of Goods Sold

Gross Margin

Ending Inventory

i

FIFO

$

Weighted$-$average

$

$

$

$

$