The following information relates to Hogs Back Falls Ltd.s inventory transactions during the month of February.

				Units		Cost/Unit		Amount
Feb. 1		Beginning inventory		8,000		$ 24.00		$ 192,000
10		Sale		7,100
14		Purchase		4,100		$ 25.00		$ 102,500
18		Purchase		600		$ 28.00		$ 16,800
25		Sale		3,600
26		Purchase		3,900		$ 33.00		$ 128,700
28		Sale		3,200

All of the units sold were priced at $ 79.00 per unit.

(a1)

Hogs Back Falls Ltd. uses the perpetual inventory system. Calculate Hogs Backs cost of goods sold, gross margin, and ending inventory for the month of February using FIFO.

Cost of Goods Sold		$
Gross Margin		$
Ending Inventory		$