Current Attempt in Progress Saddlery Company sells leather saddles and equipment for horse enthusiasts. Saddlery uses the perpetuat inventory system. The following schedule relates to the company's inventory for the month of May: Calculate 5 addiery Company's cost of goods sold, gross margin, and endingimentory using FIFO. Calculate Saddiery Company's cost of boods sold, gross margin, and ending inventory using FIFO. Cest of irocds sald Grossmariain Ending inventary eTextbook and Media Calculate Ssiddery Compary/s cost of goods sold, gross marein, and eniding inventory using weighted werage. Lheund colculations for cest per unit to 2 decimal places, ey. 10.52 ond finol answers to 0 dedimal ploces, es. 61.0521 Cost uf goods sold Grossmargin Which cost formula produced the higher gross margin? (Round answers to 2 decimal places, eg. 61.05\%)