Question: please write down the steps. Thank u. The following information relates to Glassworks Ltd.'s inventory transactions during the month of July. Units Cost/Unit Amount July

please write down the steps. Thank u.
please write down the steps. Thank u. The following information relates to
Glassworks Ltd.'s inventory transactions during the month of July. Units Cost/Unit Amount

The following information relates to Glassworks Ltd.'s inventory transactions during the month of July. Units Cost/Unit Amount July 1 Beginning inventory 4,000 $11.90 $ 47,600 4 Purchase 6,000 $ 12.40 74,400 8 Sale 6,230 14 Sale 1,630 22 Purchase 5,000 $ 12.65 63,250 28 Sale 3,140 All of the units sold were priced at $ 19 per unit. Glassworks Ltd. uses the periodic inventory system. Calculate Glassworks cost of goods sold, gross margin, and ending inventory for the month of July using: I. FIFO ii. weighted-average (Round calculations for cost per unit to 2 decimal places, eg. 10.52 and final answers to decimal places, e.g. 61,052.) Cost of Goods Sold Gross Margin Ending Inventory i. FIFO $ 134650 $ 74350 $ $ ii. 135850 $ Weighted average

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