Question: Please answer quickly and correctly The following information relates to Teal Mountain Ltd's inventory transactions during the month of August. All of the units sold

Please answer quickly and correctly Please answer quickly and correctly The following information relates to TealMountain Ltd's inventory transactions during the month of August. All of the

The following information relates to Teal Mountain Ltd's inventory transactions during the month of August. All of the units sold were priced at $3,500 per unit. Teal Mountain Ltd. uses the perpetual inventory system. Calculate Teal Mountain's cost of goods sold, gross margin, and ending inventory for the month of August using: i. FIFO ii. Weighted-average (Round calculations for cost per unit to 4 decimal places, e.g. 10.5219 and final answers to 2 decimal places, e.g. 61,052.50.)

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