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At the beginning of its operations in July 2024, Pharoah Pet Shop Ltd . began with 8, 550 units of inventory that it purchased at a cost of $14.60 each. The company's purchases during July were as follows (see image) Pharoah pet shop uses a perpetual inventory system. a) Calculate the Cost of goods sold for july using the weighted average cost formula. b) Calculate the Cost of goods sold for july using the FIFO cost formula. c) Whidh of the two inventory cost formulas results in the greater gross margin for july? d)Which of the two inventory formulas results in the larger inventory balance at the end of july? At the beginning of its operations in July 2024, Pharoah Pet Shop Ltd. began with 8,550 units of inventory that it purchased at a cost of $14.60 each. The company's purchases during July were as follows: July 5 Sales during July: July 2 July 27 6,750 units@ $18.00 7,650 units 4,500 units Pharoah Pet Shop uses a perpetual inventory system.