+ Chapter 7 Assignment Question 11 of 15 0.3 View Policies Show Attempt History Current Attempt in Progress The following information relates to Hogs Back Falls Ltd's inventory transactions during the month of February Units Cost/Unit Amount Feb. 1 Beginning inventory 7,200 $27.00 $194,400 10 Sale 6,500 14 Purchase 4,300 $28.00 $120,400 18 Purchase 400 $31.00 $12,400 25 Sale 4.400 26 Purchase 3,600 $37.00 $133,200 28 Sale 2,900 All of the units sold were priced at $82.00 per unit. 0.35 d) Hogs Back Falls Ltd, uses the periodic inventory system. Calculate Hogs Back's cost of goods sold, gross margin, and ending inventory for the month of February using weighted-average. (Round calculations for cost per unit to 4 decimal places, e.g. 10.5217 and final answers to 0 decimal places, e.g. 61,052.) Cost of Goods Sold $ Gross Margin $ Ending Inventory $ e Textbook and Media Save for Later Attempts: unlimited Submit