Question 10 of 19 < > Show Attempt History 0/9 Current Attempt in Progress 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 9 502228 Beginning inventory Sale 120 units $78,000 80 units $67,600 Purchase 40 units $28,600 13 Purchase 160 units $124,800 24 Sale 160 units $145,600 27 Sale 40 units $41,600 30 Purchase 60 units $51,480 (a1) Your answer is incorrect. Calculate Saddlery Company's cost of goods sold, gross margin, and ending inventory using FIFO. Cost of goods sold $ Gross margin $ Ending Inventory $ eTextbook and Media