+ ACCT 1115 OA 21 Final Exam Review Questions(Ch 7, 8, 9, 10, 11 & 12) Question 3 of 60 -/1 E 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 75 units $45.225 3 3 Purchase 50 units 31,650 5 Sale 31 units $32,426 11 Purchase 26 units 16,874 15 Sale 51 units 64.209 22 Sale 43 units 53,277 28 Purchase 46 units 30.636 Soft Touch uses the perpetual inventory system. (a) Calculate Soft Touch Company's cost of goods sold, gross margin, and ending inventory using: i. FIFO ii. Weighted average (Round calculations for cost per unit to 2 decimal places, eg. 10.52 and final answers to decimal places, e.g. 61,052.)