finacial accounting im doing a mid term rn

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: Cost Sales May 1 Beginning inventory $72,000 5 Sale $62,400 9 Purchase 120 units 80 units 40 units 160 units 160 units $26,400 $115.200 13 Purchase 24 Sale $134.400 $38,400 27 Sale 40 units 30 Purchase 60 units $47.520 Calculate Saddlery Company's cost of goods sold, gross margin, and ending inventory using FIFO, Cost of goods sold 184800 Gross margin 50400 Ending Inventory 76320 Calculate Saddlery Company's cost of goods sold, gross margin, and ending inventory using weighted average. (Round calculations for cost per unit to 2 decimal places, eg. 10.52 and final answers to decimal places, eg. 61,052.) Cost of goods sold $ Gross margin $ Ending Inventory Which cost formula produced the higher gross margin? (Round answers to 2 decimal places, es. 61.05%) Gross Margin Ratio FIFO 26 Weighted average 96 FIFO produces the higher gross margin