Current Attempt in Progress-/1Saddlery Company sells leather saddles and equipment for horse enthusiasts. Saddlery uses...

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Accounting

Current Attempt in Progress-/1Saddlery Company sells leather saddles and equipment for horse enthusiasts. Saddlery uses the perpetual inventory system. The following schedule relates to the company's inventory for the month of May:CostSalesMay 1Beginning inventory180 units$117,0005Sale120 units$101,4009Purchase60 units$42,90013Purchase240 units$187,20624Sale240 units$218,40027Sale60 units$62,40030Purchase90 units$77.220Calculate Saddlery Company's cost of goods sold, gross margin, and ending inventory using FIFOCost of goods soldGross marginEnding Inventory$$$e Textbook and MediaSearch
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