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: Sales May 1 5 Cost $99,000 $85,800 Beginning inventory Sale Purchase Purchase Sale Sale 9 13 24 27 30 180 units 120 units 60 units 240 units 240 units 60 units 90 units $36,300 $158.400 $184,800 $52,800 Purchase $65,340 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 $ S