Pink Pocket, a sock store, uses a perpetual inventory system. Pink Pocket recorded the following activity in the no-show sock inventory account. Date Activity Units Cost Per Unit COGS Inventory October 1 Beginning Inventory 2,500 $16 October 10 Purchase 5,100 $17 October 11 Sale 5,900 October 20 Purchase 4,800 S18 October 25 Sales 5,300 Compute: Cost of Goods Sold and Ending Inventory using: M. FIFO: COGS N. Ending Inventory 0. UFO: COGS P. Ending Inventory Beginning Inventory for the Donut Deluce is $3,000, purchases for the month are $28,500 and ending inventory is $2,000. What is the cost of goods sold? If sales are $38,000 and expenses are $1250, what is Gross Margin and Net Income? 0 COGS Gross Margin Net Income