Question: Can someone please help me with this question? thank you! Saddlery Company sells leather saddles and equipment for horse enthusiasts. Saddlery uses the perpetual inventory

Saddlery Company sells leather saddles and equipment for horse enthusiasts. Saddlery uses the perpetual inventory system. The following schedule relates to the company's inventory for the month of May: Sales Cost $99,000 May 1 Beginning inventory 180 units 5 Sale 120 units $85,800 9 Purchase 60 units $36,300 13 Purchase 240 units $158.400 24 Sale 240 units $184,800 27 Sale 60 units $52,800 30 Purchase 90 units $65,340 Calculate Saddlery Company's cost of goods sold, gross margin, and ending inventory using FIFO. Cost of goods sold $ Gross margin $ Ending Inventory $ Calculate Saddlery Company's cost of goods sold, gross margin, and ending inventory using weighted-average. (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to 0 decimal places, e.g. 61,052.) Cost of goods sold $ Gross margin $ $ Ending Inventory e Textbook and Media Which cost formula produced the higher gross margin? (Round answers to 2 decimal places, e.g. 61.05%.) Gross Margin Ratio FIFO % Weighted average % produces the higher gross margin
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