Saddlery Company sells leather saddles and equipment for horse enthusiasts. Saddlery uses the periodic inventory system. The following schedule relates to the company's inventory for the month of May: Sales Cost $52,500 $45,500 May 1 5 9 13 24 27 30 Beginning inventory Sale Purchase Purchase Sale Sale Purchase 150 units 100 units 50 units 200 units 200 units 50 units 75 units $19,250 $84,000 $98,000 $28,000 $34,650 (a1) Calculate Saddlery Company's cost of goods sold, gross margin, and ending inventory using FIFO. Cost of goods sold $ $ Gross margin $ Ending Inventory $ Save for Later Attempts: 0 of 2 used Submit