The following information relates to Splish Brothers Ltd$\text{'}$s inventory transactions during the month of August.

Units

Cost$/$Unit

Amount

August $1$

Beginning inventory

$15$

$$1,180$

$$17,700$

$6$ Purchase

$35$

$$944$

$33,040$

$8$ Sale

$5$

$16$ Purchase

$10$

$$1,298$

$12,980$

$20$ Sale

$40$

$26$

Purchase

$5$

$$1,062$

$5\mathrm{.}310$

$30$

Sale

$10$

All of the units sold were priced at $$2,360$ per unit.

$($a$)$

$*$ Your answer is incorrect.

Splish Brothers Ltd$.$ uses the periodic inventory system. Calculate Splish Brothers'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 $0$ decimal places, e$.$g$.61,052.)$