Question: Question 7 10 pts Using LIFO, what is gross margin? Purchase $ per Date Activity Units unit Total cost Beginning 875 $48 $42.000 1-Jan balance

Question 7 10 pts Using LIFO, what is gross margin? Purchase $ per Date Activity Units unit Total cost Beginning 875 $48 $42.000 1-Jan balance 10-Jan Purchased 630 $46 $28.980 $48.880 Live 13-Feb Purchased 940 S52 Cost of goods available for sale $119.860 Units available for sale 2.445 Selling $ per Unitsunit 15-Feb Sold 1,825$75 O $47,409 $49,255 $46,775 O $45,995 MacBook Air F4 ES FG F7 FB 9

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