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Priya, a small business owner who sells only one product, started March with no inventory. Over the course of the month, she made the following

Priya, a small business owner who sells only one product, started March with no inventory. Over the course of the month, she made the following purchases:

Date

Number of units purchased

Total cost of order

March 1

10

$920

March 10

5

$480

March 18

8

$760

March 25

10

$930

March 30

3

$300

Here is Priyas sales data:

Date

Number of units sold

Total sales value

March 4

2

$300

March 7

4

$520

March 8

1

$170

March 11

3

$440

March 16

2

$290

March 20

5

$600

March 24

4

$510

March 27

6

$620

March 31

4

$520

  1. Assuming Priya uses the first-in-first-out inventory costing method, what is her gross margin?
  2. Assuming Priya uses the moving-weighted-average inventory costing method, what is the value of her ending inventory?

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