The following data are available for one item of merchandise sold by Jocque Fabrics, which uses a periodic inventory system. 
-Refer to the information provided for Jocque Fabrics. If the LIFO method is used, determine the following amounts:
A) Ending inventory on February 28th
B) Cost of Goods sold for the month of February
C) Gross Margin for February
Definitions:
No-Layoff Policies
Employer commitments or agreements that aim to avoid terminating employment due to economic downturns, often through alternative strategies such as work sharing or temporary leave.
Electronic Communication
The transfer of information or messages between individuals or groups using electronic devices such as computers, phones, and email.
Handbooks
Manuals or guidebooks that provide information on policies, procedures, and standards within an organization or for a specific product.
Manuals
Instructional guides or reference books that provide instructions, information, or guidance on how to operate devices, perform tasks, or follow procedures.
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