Sandhill Company sells leather saddles and equipment for horse enthusiasts. Sandhill uses the perpetual inventory system. The following schedule relates to the company's inventory for the month of May: Your answer is correct. Calculate Sandhill Company's cost of goods sold, gross margin, and ending inventory using FIFO. Cost of goods sold Gross margin Ending inventory $ $ $ eTextbook and Media Calculate Sandhill Company's cost of goods sold, gross margin, and ending inventory using weighted-average. (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to 0 decimal places, e.g. 61,052.) Cost of goods sold $ Gross margin $ Ending inventory $ eTextbook and Media