sales, cost of goods, gross margin

Part 2013 10 Dots Required information The following information applies to the questions displayed below) Pam's Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 250 items at $93 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records Date Transaction Description Mar. 5 Purchased 230 itens @5183 Apr. 10 Sold 135 itens $201 June 19 Sold 245 itens 5201 Sept. 16 Purchased 180 itens 5108 Nov. 28 Sold 125 itens 05206 References b. Calculate the gross margin Pam's Creations would report on the Year 2 income statement Amounts to be deducted should be indicated with a minus sign.) Sales Cost of goods sold Gros margin ME GE 30 le MacBook Air