Question 5 of 6 The following information relates to Hogs Back Falls Ltd's inventory transactions during the month of February Cost/Unit $28.00 Amount $193,200 Feb. 1 10 14 Units 6,900 6,400 4,500 500 4,000 4.300 2,600 Beginning inventory Sale Purchase Purchase Sale Purchase Sale $29.00 $32.00 $130.500 $16,000 18 25 26 $39.00 $167,700 28 All of the units sold were priced at $77.00 per unit. Hogs Back Falls Ltd, uses the periodic inventory system. Calculate Hogs Back's cost of goods sold. gross margin and ending inventory for the month of February using FIFO. Gmail Canvas Discord Pearson w Wylie NBA MyCampus Ontario Yahoo Mail ssignment # 4 Question 5 of 6 -17 Hogs Back Falls Ltd. uses the periodic inventory system. Calculate Hogs Back's cost of goods sold, gross margin, and ending inventory for the month of February using FIFO. Cost of Goods Sold Gross Margin $ Ending Inventory $ e Textbook and Media Hogs Back Falls Ltd. uses the periodic inventory system. Calculate Hogs Back's cost of goods sold, gross margin, and ending inventory for the month of February using weighted-average (Round calculations for cost per unit to 4 decimal places, e.g. 10,521 and final answers to decimal places, eg. 61,052.) Question 5 of 6 -/7 = mventory for the montrror February using weighted average round carcusations for cost per un to decimar proces, eg: 10.217 and final answers to decimal places, e.g. 61,052) Cost of Goods Sold $ $ Gross Margin Ending Inventory e Textbook and Media Which of the cost formulas would produce the higher gross margin? FIFO produces the higher gross margin