Question: calculate COGS, gross margin and ending inventory using i) FIFO and ii) Weighted-average Marin Company sells discounted shoes to the fashion-oriented consumer. The following schedule

calculate COGS, gross margin and ending inventory using i) FIFO and ii) Weighted-average

Marin Company sells discounted shoes to the fashion-oriented consumer. The following schedule relates to the company's inventory for the month of March: Marin Company uses the periodicinventory system. (a) Calculate Marin Company's cost of goods sold, grosa margin, and ending imventory waing: 1. FIFO 11. Weighted-average (Round calculations for cost per unit to 2 decimal places, eg 10.52)

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