Units Cost/Unit Amount Mar. 1 Beginning inventory 5,600 $19.00 $106,400 7 Sale 4,000 12 Purchase 2,500 $21.00 $52,500 16 Purchase 900 $21.00 $18,900 18 Sale 2,100 27 Purchase 4,100 $26.00 $106,600 29 Sale 3,500 All of the units sold were priced at $67.00 per unit. Good Kitchen Ltd. uses the perpetual inventory system. Calculate Good 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 $ e Textbook and Media Good Kitchen Ltd. uses the perpetual inventory system. Calculate Good Kitchen's cost of goods sold, gross margin, and ending inventory for the month of March using weighted- average. (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to O decimal places, e.g. 61,052.) Cost of Goods Sold $ Gross margin $ Which of the cost formulas would produce the higher gross margin? The method results in the higher gross margin