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The following information relates to Sheffield Back Falls Ltd.' inventory transactions during the month of February. All of the units sold were priced at $87.00

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The following information relates to Sheffield Back Falls Ltd.' inventory transactions during the month of February. All of the units sold were priced at $87.00 per unit. Sheffield Back Falls Ltd. uses the perpetual inventory system. Calculate Sheffield 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

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