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 $21.00 $142,800 10 Sale 5.900 14 Purchase 4,100 $22.00 $90,200 18 Purchase 400 $24.00 $9.600 25 Sale 4,300 26 Purchase 3.900 $32.00 $124,800 28 Sale 3.100 All of the units sold were priced at $85.00 per unit. Hogs Back Falls Ltd. uses the periodic Inventory system. Calculate Hogs Back's cost of goods sold, gross margin, and ending inventory for the month of February using FIFO. $ Cost of Goods Sold Gross Margin Ending Inventory $ $ e Textbook and Media Hogs Back Falls Ltd. uses the periodic inventory system. Calculate Hogs Back's 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 as 10:5217 and final answers to decimal places, es 61,052) $ Cost of Goods Sold Gross Margin Ending Inventory $ $ e Textbook and Media Which of the cost formulas would produce the higher gross margin? produces the higher gross margin