View Policies Show Attempt History Current Attempt in Progress The following information relates to Glassworks Ltd's inventory transactions during the month of July. July 1 4 Cost/Unit $12.00 $12.50 Amount $48.000 75.000 8 Beginning inventory Purchase Sale Sale Purchase Sale Units 4,000 6,000 5.460 1,640 5,000 3,840 14 22 28 $12.75 63.750 All of the units sold were priced at $19 per unit. X Your answer is incorrect. Glassworks Ltd. uses the periodic inventory system. Calculate Glassworks' cost of goods sold, gross margin, and ending inventory for the month of July using: i. FIFO ii. weighted average (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to O decimal places, e.g. 61,052.) Cost of Goods Sold Gross Margin Ending Inventory $ 123000 $ i. 84860 $ FIFO Weighted- $ 124500 $ 62250 ii. $ average 63750 62250 e Textbook and Media Assistance Used