The following information relates to Blossom Kitchen Ltd's inventory transactions during the month of March. Units Cost/Unit Amount Mar. 1 Beginning inventory 3,000 $18.00 $54,000 7 Sale 2,000 12 Purchase 1,250 $19.80 $24,750 16 Purchase 400 $19.80 $7,920 18 Sale 1,250 27 Purchase 2,000 $25.00 $50,000 29 Sale 1,750 All of the units sold were priced at $65 per unit. (a1) * Your answer is incorrect. Blossom Kitchen Ltd. uses the perpetual inventory system. Calculate Blossom Kitchen's cost of goods sold, gross margin, and ending inventory for the month of March using FIFO. Cost of goods sold Gross margin Ending inventory $ 107250