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table [ [ Date , Activities,Units Acquired at Cost, ] , [ , Beginning,,Units Sold at Retail ] , [ April 1 , Inventory,

\table[[Date,Activities,Units Acquired at Cost,],[,Beginning,,Units Sold at Retail],[April 1,Inventory,350 units @$18=$6,300,],[April 5,Purchase,290 units @ $20=$5,800,],[April 9,Sale,,500 units @ $55],[April 14,Purchase,250 units @ $22=$5,500,],[\table[[April 20],[April 30]],Sale,240 units @$05=$600,200 units @ $55]]
Using the charts on the next two pages, answer the following questions:
If the company uses the first -in, first-out (FIFO) method and the perpetual inventory system, calculate:
What is the Ending inventory in units and dollars?
what is the Cost of goods sold in units and dollars?
what is the Gross margin?
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