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 e Textbook and Media Question 1 of 5 - / 10 e Textbook 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, eg. 61,052) Cost of Goods Sold $ $ Gross Margin Ending Inventory $ e Textbook and Media Which of the cost formulas would produce the higher gross margin? method results in the higher gross margin The e Textbook and Media UIUSS Midgin A Ending Inventory $ e Textbook and Media Which of the cost formulas would produce the higher gross margin? The method results in the higher gross margin. e Textbook and Media Attempts: Save for Later