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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 6,800 $30.00

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 6,800 $30.00 $204,000
10 Sale 5,900
14 Purchase 4,100 $31.00 $127,100
18 Purchase 500 $34.00 $17,000
25 Sale 3,900
26 Purchase 4,000 $39.00 $156,000
28 Sale 3,000

All of the units sold were priced at $83.00 per unit.

Hogs Back Falls Ltd. uses the periodic 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 $

Hogs Back Falls Ltd. uses the periodic inventory system. Calculate Hogs Backs cost of goods sold, gross margin, and ending inventory for the month of February using weighted-average. (Round calculations for cost per unit to 4 decimal places, e.g. 10.5217 and final answers to 0 decimal places, e.g. 61,052.)

Cost of Goods Sold $
Gross Margin $
Ending Inventory $

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