Question 10 of 12 3/5 Calculate Saddlery Company's cost of goods sold, gross margin, and ending inventory using FIFO. Cost of goods sold 168352,0 Gross margin $ 374472 Ending Inventory 60126.31 e Textbook and Media 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, cg, 10.52 and final answers to 2 decimal places, 610.52.) $ Cost of goods sold $ Gross margin $ Ending Inventory Which cost formula produced the higher gross margin? (Round answers to 2 decimal places, eg 61.05%) Gross Margin Ratio FIFO % Weighted average produces the higher gross margin. FIFO Weighted average eTextbook and Media