Units Cost/Unit Mar. 1 Amount $102,000 6,000 $17.00 Beginning inventory Sale 7 12 Purchase 4,000 2,600 800 $19.00 $19.00 $49,400 $15,200 16 Purchase Sale 18 2,400 27 Purchase 4,200 $24.00 $100,800 29 Sale 3,700 All of the units sold were priced at $70.00 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 $ 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 0 decimal places, e.g. 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? The v method results in the higher gross margin