The following information relates to Sunland Ltd's inventory transactions during the month of July. Units Cost/Unit Amount July 1 Beginning inventory 4,720 $12.00 $56,640 4 Purchase 7,080 $12.50 88,500 8 Sale 7,080 24 22 14 Sale 1,770 22 Purchase 5,900 $12.75 75,225 28 Sale 4,130 All of the units sold were priced at $20 per unit. Te (a1) Sunland Ltd. uses the perpetual inventory system. Calculate Sunland' cost of goods sold, gross margin, and ending inventory for the month of July using FIFO. Cost of goods sold Gross margin Ending inventory