What is The inventory, turnover ratio and days to sell inventory ratio?$($a$)$Larkspur Hands Ltd$.$ is a retailer specializing in hand care products. The company donates twenty percent of its profits to local

charities. Larkspur Hands uses the periodic inventory system and the following limited information relates to Larkspur Hands Ltd$.`$s

inventory transactions during the month of May:

Units sold were priced at $$63\mathrm{.}00.$

Hi$,$ Expanding on this question using the same information as above how would you calculate the Gost of goods sold, the gross margin and ending inventory using the weighted average?

Calculate Larkspur Hands' cost of goods sold, gross margin, and ending inventory for the month of May using FIFO.

Cost of goods sold $

Gross margin $

Ending inventory $