The following information relates to Toolworks Ltd's inventory transactions during the month of October. Units Cost/Unit Amount Oct. 1 Beginning inventory 2.470 $ 13.00 $ 32,110 5 Sale 350 11 Purchase 1.200 $ 13.50 $ 16,200 13 Purchase 500 $13.00 $6,500 15 Sale 1.530 29 Purchase 2.550 $11,50 $ 29,325 31 Sale 3,440 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 $ 32.00 per unit. 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 S Gross Margin $ Ending Inventory $ eTextbook and Media 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, e8, 61,052) Cost of Goods Sold $ Gross Margin $ Ending Inventory $ Which of the cost formulas would produce the higher gross margin? The method results in the higher gross margin