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 morith of May.

Cost

Sales

May $1$

Beginning inventory

$180$ units

$$108\mathrm{.}000$

$5$

Sale

$120$ units

$$93,600$

Purchase

$60$ units

$$39,600$

$13$

Purchase

$240$ units

$$172,800$

$24$

Sale

$240$ units

$$201\mathrm{.}600$

$22$

Sale

$60$ units

$$57,600$

$30$

Purchase

$90$ units

$$71\mathrm{.}280$

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

Cost of goods sold

Gross margin

S

Ending Inventory

$5$