Question 6 of 15 -14 The following information relates to Good Kitchen Ltd's Inventory transactions during the month of March Units Cost/Unit Amount Mar. 1 Beginning inventory 6,000 $16.00 $96,000 7 Sale 3,600 12 Purchase 2,600 $18.00 $46,800 16 Purchase 900 $18.00 $16,200 18 Sale 2.900 27 Purchase 4,000 $23.00 $92.000 29 3.700 Sale All of the units sold were priced at $59.00 per unit. Good Kitchen Ltd uses the periodic inventory system. Calculate Good Kitchen's cost of goods sold, gross margin, and ending Inventory for the month of March using FIFO. Cost of Goods Sold $ Gross margin Ending Inventory $ $ Good Kitchen Ltd, uses the periodic inventory system. Calculate Good Kitchen's cost of goods sold, gross margin and ending inventory for the month of March using weighted average. (Round calculations for cost per unit to 2 decimal places, eg. 10.52 and final answers to decimal places, eg. 61,052.) Cost of Goods Sold Question 6 of 15 -/4 E Cost of Goods Sold $ $ Gross margin Ending Inventory Good Kitchen Ltd. uses the periodic inventory system. Calculate Good Kitchen's cost of goods sold, gross margin, and ending inventory for the month of March using weighted average. (Round calculations for cost per unit to 2 decimal places, eg. 10.52 and final answers to decimal places, c.8. 61,052.) $ Cost of Goods Sold Gross margin Ending Inventory $ Which of the cost formulas would produce the higher gross margin? produces the higher gross margin Save for Later Attempts: 0 of 1 used Submit