Current Attempt in Progress The following information relates to Toolworks Ltd.'s inventory transactions during the month of October. Units Cost/Unit Amount Oct. 1 Beginning inventory 2,550 $12.60 $32,130 5 Sale 350 11 Purchase 1,200 $13.10 $15,720 13 Purchase 510 $12.60 $6,426 15 Sale 1,510 29 Purchase 2,530 $11.00 $27,830 31 Sale 3,560 All of the units sold on October 5 were priced at $23.00 per unit. All of the units sold on October 15 and 31 were priced at $38.00 per unit. Your answer is partially correct. Toolworks Ltd. uses the perpetual inventory system. Calculate Toolworks' cost of goods sold, gross margin, and ending inventory for the month of October using FIFO. Cost of Goods Sold Gross Margin Ending Inventory LA $ +A 67,291 133,419 +A $ 15,070