View Policies Current Attempt in Progress Soft Touch Company sells leather furniture. The following schedule relates to the company's inventory for the month of April: Cost Sales April 1 Beginning inventory 77 units $46,123 3 Purchase 46 units 28,704 5 Sale 32 units $35,648 11 Purchase 26 units 16,822 15 Sale 52 units 62,192 22 Sale 39 units 49.140 28 Purchase 51 units 34,629 Soft Touch uses the periodic inventory system. Soft Touch uses the periodic inventory system. Calculate Soft Touch Company's cost of goods sold, gross margin, and ending inventory using: L.FIFO il. Weighted average (Round calculations for cost per unit to 2 decimal places, eg. 10.52. Round answers under weighted-average to 2 decimal places, es 61,052.79.) Cost of Goods Sold Gross Margin Ending Inventory 1. $ FIFO $ $ $ il. $ $ Weighted average e Textbook and Media Question 1 of 3 - / 100 Question Part Score -70 Which cost formula produced the higher pros margin ratio Round answers to 2 decimal places es 6105.) Gruss Marin Ratio FIFO Weighted average w produces the higher rosmarino e Textbook and Media Question Part Score Attempts: 0 of 1 used SA Sorte 10 LOBO