Saddlery company uses leather saddles and equipment for horse enthusiasts. The following schedule relates to the company's inventory for the month of may. They use the perpetual inventory system

Application Problem 7-2B al-a2, b Saddlery Company sells leather saddles and equipment for horse enthusiasts. Saddlery uses the perpetual of May: Cost Sales May 1 Beginning inventory 90 units $54,000 60 units $46,800 5 Sale 9 Purchase 13 Purchase 24 Sale 27 Sale 30 Purchase $19,800 120 units $86,400 30 units $100,800 $28,800 120 units 30 units 45 units $35,640 (a1) Calculate Saddlery Company's cost of goods sold, gross margin, and ending inventory using FIFO Cost of goods sold Gross margin Ending Inventory s By accessing this Question Assistance, you will earn while vou earn points based on the Point Potential Policy s