The following information relates to Glassworks Ltd.s inventory transactions during the month of July.

				Units		Cost/Unit		Amount
July 1		Beginning inventory		3,700		$12.00		$44,400
4		Purchase		6,300		$13.00		81,900
8		Sale		6,500
14		Sale		1,400
22		Purchase		4,860		$13.10		63,666
28		Sale		3,090

All of the units sold were priced at $19 per unit.

Glassworks Ltd. uses the perpetual inventory system. Calculate Glassworks cost of goods sold, gross margin, and ending inventory for the month of July using: i. FIFO ii. weighted-average (Round calculations for cost per unit to 4 decimal places, e.g. 10.5219 and final answers to 0 decimal places, e.g. 61,052.)

				Cost of Goods Sold		Gross Margin		Ending Inventory
i.		FIFO		$		$		$
ii.		Weighted-average		$		$		$

Which produces the higher gross margin?