View Policies Current Attempt in Progress The following information relates to Glassworks Ltd's inventory transactions during the month of July Units Cost/Unit Amount July 1 4,000 $11.90 $47.600 4 Beginning inventory Purchase Sale 6,000 $12.40 74.400 8 6.360 14 Sale 1640 22 5.000 $12.65 63.250 Purchase Sale 28 3.000 All of the units sold were priced at $20 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 th Oppt DOROT LO pot All of the units sold were priced at $20 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 Il weighted-werage (Round calculations for cost per unit to 2 decimal places, s 10:52 and final answers to decimal places, eg 61.052) Cost of Goods Sold Gross Margin Ending Inventory FIFO $ il Weighted average e Textbook and Media /90 Question Part Score DOROT LOSE TOY 104 e Textbook and Media Question Part Score /90 Which of the cost formulas would produce the higher gross margin The produces the higher gross margin e Textbook and Media 10 Question Part Score Attempts of 1 used Submit Save for La LO DO LOS. MacBook Air