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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

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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 periodic 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 7.700 $ 41 $315,700 5 Sale 3,600 13 Purchase 1.500 $ 48 $72.000 17 Purchase 700 $49 $ 34,300 20 Sale 3,400 28 Purchase 2,600 $ 54 $$40.400 30 Sale 3,900 Units sold were priced at $ 56. Calculate Caring Hands' cost of goods sold, gross margin, and ending inventory for the month of May using FIFO. Cost of Goods Sold $ Gross Margin Calculate Caring Hands' cost of goods sold, gross margin, and ending inventory for the month of May using FIFO. $ Cost of Goods Sold $ Gross Margin $ Ending Inventory --/4.5 Question Part Score Calculate Caring Hands cost of goods sold, gross margin, and ehding inventory for the month of May using weighted average (Round calculations for cost per unit to 3 decimal places, e.. 10.521 and final answers to O decimal places, c.8. 61,051.) Cost of Goods Sold $ Gross Marin $ $ Ending Inventory -145

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