Current Attempt in Progress Soft Touch Company sells leather furniture. The following schedule relates to the compary's irmentory for the month of Aprit: Solt Jouch uses the periodic imventory system. Calculate Soft Touch Company's cost of goods sold,grossmargin, and ending inventory using 1.FIFO Sort Tooch uses the periodic imentory system Calculate Soft Touch Compary's cost of gooks sold, krow margin and endirg inwentory usine 1. FIFO 4. Weighted average (Round calculations for cont per unit to 2 decimar ploces, ey 10.52. Round answers under weighted-overige to 2 decinal places es. 61,05279 Which cost formula produced the higher gress margin ratio? (Round answers to 2 dedimal ploces, es 61.05% )