Kingbird Company sells discounted shoes to the fashionoriented consumer. The following schedule relates to the company's inventory for the month of March:
tableCost,SalesMarch Beginning inventory, units,$Purchase, units,Purchase, units,Sale, units,$Sale, units,,Purchase, units,Sale, units,,
Kingbird Company uses the periodic inventory system.
a
Calculate Kingbird Company's cost of goods sold, gross margin, and ending inventory using:
i FIFO
ii Weightedaverage Round calculations for cost per unit to decimal places, eg
Cost of Goods Sold
Gross Margin
Ending Inventory
i FIFO
ii Weightedaverage
