The following information relates to Kingbird Ltd.'s inventory transactions during the month of August. All of the units sold were priced at $1,400 per unit. Kingbird Ltd. uses the perpetual inventory system. Calculate Kingbird's cost of goods sold, gross margin, and ending inventory for the month of August using: i. FIFO ii. Weighted-average (Round calculations for cost per unit to 4 decimal places, e.g. 10.5219 and final answers to 2 decimal places, e.g. 61,052.50