Question: and weighted average cost flow m Practice Problem #4 Fields Inc. inventory account: Beginning Iny 100 units @ $30.00 per unit Purchase 50 units @

and weighted average cost flow m Practice Problem #4 Fields Inc. inventory account: Beginning Iny 100 units @ $30.00 per unit Purchase 50 units @ $31.50 per unit Sold 75 units @ $45.00 per unit Purchased 50 units @ $33.00 per unit I Sold 100 units @ $48.50 per unit Determine the gross margin assuming the company uses the FIFO cost flow method. Determine the ending inventory using the FIFO cost flow method. GE

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