Teal Mountain Hands Ltd. is a retailer specializing in hand care products. The company donates twenty percent of its profits to local charities. Teal Mountain Hands uses the periodic inventory system and the following limited information relates to Teal Mountain Hands Ltd. 's imventory transactions during the month of May: Units sold were priced at $60.00 (a) Calculate Teal Mountain Hands cost of goods sold, gross margin, and ending inventory for the month of May using FIFO. Cost of goods sold $ Grossmargin 5 Ending inventory $