Metlock Company sells discounted shoes to the fashion-oriented consumer. The Calculate Metlock Company's cost of goods sold, gross margin, and ending inventory using: inventory for the month of March: March 1 7 8 15 20 25 27 Beginning inventory 2,580 units Purchase 860 units Purchase Sale Sale Purchase Sale 1,290 units. 3,010 units 602 units 430 units 1,032 units Cost $76,110 34,400 64,500 12,814 Sales $270,900 45,150 61,920 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 ii. Weighted- average $ $ Cost of Goods Sold 170710 171828 $ $ Gross Margin 207260 206142 $ $ Ending Inventory 1711 1909

Metlock Company sells discounted shoes to the fashion-oriented consumer. The Calculate Metlock Company's cost of goods sold, gross margin, and ending inventory using: inventory for the month of March: March 1 7 8 15 20 25 27 Beginning inventory 2,580 units Purchase 860 units Purchase Sale Sale Purchase Sale 1,290 units. 3,010 units 602 units 430 units 1,032 units Cost $76,110 34,400 64,500 12,814 Sales $270,900 45,150 61,920 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 ii. Weighted- average $ $ Cost of Goods Sold 170710 171828 $ $ Gross Margin 207260 206142 $ $ Ending Inventory 1711 1909

Name: Metlock Company sells discounted shoes to the fashion-oriented consum
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Description: Metlock Company sells discounted shoes to the fashion-oriented consumer. The Calculate Metlock Company's cost of goods sold, gross margin, and ending inventory using:inventory for the month of March:March 17815202527Beginning inventoryPurchasePurcha

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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