The following information relates to Toolworks Ltd's inventory transactions during the month of October Units 2.510 350 Cost/Unit $13.70 Amount $34,387 Oct. 1 5 11 Beginning inventory Sale Purchase Purchase Sale $14.20 $13.70 $17,182 $6.987 13 15 1.210 510 1.530 2.530 3,530 29 Purchase $12.30 $31.119 31 Sale Toolworks Ltd. uses the perpetual inventory system. Calculate Toolworks' cost of goods sold, gross margin, and ending inventory for the month of October using FIFO. Cost of Goods Sold $ Gross Margin $ Ending Inventory $ Toolworks Ltd, uses the perpetual inventory system. Calculate Toolworks cost of goods sold, gross margin, and ending inventory for the month of October weighted average. (Round calculations for cost per unit to 2 decimal places, es. 10.52 and final answers to decimal places, eg. 61,052.) Cost of Goods Sold $ Gross Margin $ Ending Inventory $ The following information relates to Toolworks Ltd's inventory transactions during the month of October Cost/Unit $13.70 Amount $34,387 Oct 1 5 11 $14.20 Units 2.510 350 1.210 510 1.530 2.530 3.530 Beginning inventory Sale Purchase Purchase Sale Purchase Sale $17,182 $6.987 13 $13.70 15 29 31 $12.30 $31,119 All of the units sold on October 5 were priced at $26.00 per unit. All of the units sold on October 15 and 31 were priced at $37.00 per unit. Your answer is incorrect Toolworks Ltd, uses the perpetual inventory system. Calculate Toolworks cost of goods sold. gross margin, and ending inventory for the month of October using FIFO. Cost of Goods Sold $ Gross Margin $ Ending Inventory Toolworks Ltd, uses the perpetual inventory system. Calculate Toolworks cost of goods sold, gross margin, and ending Inventory for the month of October weighted average. (Round calculations for cost per unit to 2 decimal places, es. 10.52 and final answers to decimal places, 63. 61.052) Cast of Goods Sold Gross Margin Ending Inventory $ $ eTextbook and Media