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The following information relates to Indigo Back Falls Ltd.'s inventory transactions during the month of February. Units. Cost/Unit. Amount Feb. 1 Beginning inventory. 9,150. $25.00.

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

Units. Cost/Unit. Amount

Feb. 1 Beginning inventory. 9,150. $25.00. $228,750 10 Sale. 7,930

14Purchase. 4,880. $26.00. $126,880

18 Purchase. 610. $28.00. $17,080

25Sale. 4,880

26Purchase. 4,880. $37.00. $180,560

28. Sale. 3,538

All of the units sold were priced at $87.00 per unit.

Indigo Back Falls Ltd. uses the perpetual inventory system. Calculate Indigo 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

Indigo Back Falls Ltd. uses the perpetual inventory system. Calculate Indigo 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 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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