Pharoah Company sells leather saddles and equipment for horse enthusiasts. Pharoah uses the perpetual inventory system. The

following schedule relates to the company's inventory for the month of May:

Your answer is correct.

Calculate Pharoah Company's cost of goods sold, gross margin, and ending inventory using FIFO.

Cost of goods sold

Gross margin

Ending inventory

eTextbook and Media

Calculate Pharoah Company's cost of goods sold, gross margin, and ending inventory using weighted$-$average. $($Round calculations

for cost per unit to $2$ decimal places, e$.$g$.10\mathrm{.}52$ and final answers to $0$ decimal places, e$.$g$.61,052.)$

Cost of goods sold

Gross margin