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The following information relates to Skysong Ltd.'s inventory transactions during the month of August. Units Cost/Unit Amount August 1 Beginning inventory 15 $920 $13,800
The following information relates to Skysong Ltd.'s inventory transactions during the month of August. Units Cost/Unit Amount August 1 Beginning inventory 15 $920 $13,800 6 Purchase 35 $736 25,760 00 Sale 5 16 Purchase 10 $1,012 10,120 20 20 Sale 40 26 Purchase 5 $828 4,140 30 Sale 10 All of the units sold were priced at $1,840 per unit. (a) Skysong Ltd. uses the periodic inventory system. Calculate Skysong's cost of goods sold, gross margin, and ending inventory for the month of August using: i. FIFO ii. Weighted-average (Round final answers to O decimal places, e.g. 61,052.) i. FIFO ii. Weighted-average $ +A $ Cost of Goods Sold Gross Margin Ending Inventory $ +A $ to
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