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Soft Touch Company sells leather furniture. The following schedule relates to the companys inventory for the month of April: Cost Sales April 1 Beginning inventory

Soft Touch Company sells leather furniture. The following schedule relates to the companys inventory for the month of April:

Cost Sales
April 1 Beginning inventory 72 units $42,768
3 Purchase 48 units 30,192
5 Sale 27 units $29,538
11 Purchase 24 units 15,600
15 Sale 59 units 71,803
22 Sale 34 units 39,916
28 Purchase 52 units 35,308

Soft Touch uses the perpetual inventory system.

Calculate Soft Touch Companys cost of goods sold, gross margin, and ending inventory using: i. FIFO ii. 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
i. FIFO $ $ $
ii. Weighted-average $ $ $

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