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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 8,000 $

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.

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 weighted-average. (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to 0 decimal places, e.g. 61,052.)

Cost of Goods Sold $
Gross Margin $
Ending Inventory $

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