Sandhill Company sells leather saddles and equipment for horse enthusiasts. Sandhill uses the perpetual inventory...

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Accounting

imageimage Sandhill Company sells leather saddles and equipment for horse enthusiasts. Sandhill uses the perpetual inventory system. The following schedule relates to the company's inventory for the month of May: (a1) Your answer is incorrect. Calculate Sandhill Company's cost of goods sold, gross margin, and ending inventory using FIFO. Cost of goods sold $ Gross margin $ Ending inventory $

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