Caring Hands Ltd. is a retailer specializing in hand care products. The company donates twenty percent of its profits to local charities. Caring Hands uses the perpetual inventory system and the following limited information relates to Caring Hands Ltd.'s inventory transactions during the month of May: Date Units Cost/Unit Amount May 1 Beginning Inventory 7,200 $37 $266,400 5 Sale 3,500 13 Purchase 1,400 $44 $61,600 22 17 Purchase 700 $45 $31,500 20 Sale 3,600 28 Purchase 2,500 $49 $122,500 30 Sale 4,000 Calculate Caring Hands' cost of goods sold, gross margin, and ending inventory for the month of May using FIFO. Units sold were priced at $59. Cost of Goods Sold $ Gross Margin Ending Inventory GA A