Shamrock Company sells discounted shoes to the fashion-oriented consumer. The following schedule relates to the company's inventory for the month of March: Cost Sales March 1 Beginning inventory 3,420 units $104,310 7 Purchase 1,140 units 45,600 8 Purchase 1,710 units 85,500 15 Sale 3,990 units $359,100 20 Sale 798 units 59,850 25 Purchase 570 units 17,670 27 Sale 1,368 units 82,080 Shamrock Company uses the periodic inventory system. (a) Calculate Shamrock Companys 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. 10.52.) Cost of Goods Sold Gross Margin Ending Inventory i. FIFO $enter a dollar amount $enter a dollar amount $enter a dollar amount ii. Weighted-average $enter a dollar amount rounded to 0 decimal places $enter a dollar amount rounded to 0 decimal places $enter a dollar amount rounded to 0 decimal places

b) Which cost formula produced the higher gross margin?

Shamrock Company uses the periodic inventory system. (a) Calculate Shamrock 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. 10.52.)