Question: calculate the company's COGS, gross margin, ending inventory using FIFO Wildhorse Company sells leather saddles and equipment for horse enthusiasts. Wildhorse uses the perpetual inventory

calculate the company's COGS, gross margin, ending inventory using FIFO

Wildhorse Company sells leather saddles and equipment for horse enthusiasts. Wildhorse uses the perpetual inventory system. The following schedule relates to the company's inventory for the month of May: (a1) Calculate Wildhorse Company's cost of goods sold, gross margin, and ending inventory using FIFO. Cost of goods sold s Gross margin 5 Endingimentory S

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b. Commission on sales. All employees would be given a 5 percent commission on all sales. Each salesperson would receive an hourly wage plus the commission.