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Kingbird Company sells discounted shoes to the fashion-oriented consumer. The following schedule relates to the...

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Accounting

Kingbird Company sells discounted shoes to the fashion-oriented consumer. The following schedule relates to the company's inventory for the month of March:
\table[[,,,Cost,Sales],[March 1,Beginning inventory,3,780 units,$115,290,],[7,Purchase,1,260 units,50,400,],[8,Purchase,1,890 units,94,500,],[15,Sale,4,410 units,$396,900,],[20,Sale,882 units,,],[25,Purchase,630 units,19,530,],[27,Sale,1,512 units,,90,720]]
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. Weighted-average (Round calculations for cost per unit to 2 decimal places, e.g.10.52.)
Cost of Goods Sold
Gross Margin
Ending Inventory
i. FIFO
ii. Weighted-average
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