Current Attempt in Progress$-/1$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:CostSalesMay $1$Beginning inventory$180$ units$$117,0005$Sale$120$ units$$101,4009$Purchase$60$ units$$42,90013$Purchase$240$ units$$187,20624$Sale$240$ units$$218,40027$Sale$60$ units$$62,40030$Purchase$90$ units$$77\mathrm{.}220$Calculate Saddlery Company's cost of goods sold, gross margin, and ending inventory using FIFOCost of goods soldGross marginEnding Inventory$$$e Textbook and MediaSearch