Jay Larkspur Company sells discounted shoes to the fashion-oriented consumer. The following schedule relates to the company'sinventory for the month of March:March 17815(a)202527ii.Beginning inventoryPurchasePurchaseSaleSalePurchaseSalei. FIFOLarkspur Company uses the perpetual inventory system.Weighted-averageLA3,840 units1,280 units1,920 units4,480 units896 units$640 unitstA1,536 unitsCost$113,28051,200Calculate Larkspur Company's cost of goods sold, gross margin, and ending inventory using:i. FIFOii. Weighted-average (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to O decimal places, e.g.61,052.)96,000Cost of Goods Sold19,072$$+ASales$403,20067,20092,160Gross Margin19$+AEnding Inventory

The inventory can be valued using various methods as FIFO, LIFO and average method. The gross margin…

Calculate Larkspur 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 and final answers to O decimal places, e.g. 61,052.) i. FIFO LA ii. Weighted-average $ Cost of Goods Sold +A VA Gross Margin 1A $ Ending Inventory