The following data pertains to Cross Company (assume a perpetual inventory system) for the month ended January 31, 2017: Date Description Units Unit cost Unit Selling Price Jan. 1 Beg. Inventory 10 $50 5 Purchase 25 52 10 Sale 6 $80 16 Sale 10 82 20 Purchase 12 55 25 Sale 20 85 Required: 1. Compute the cost of goods sold, Gross Margin, and ending inventory under FIFO. 1. Cost of Goods Sold: 2. Gross Margin: 3. Ending Inventory