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This one is similar but different i just dont get it! thanks in advance ...

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Accounting

This one is similar but different i just dont get it! thanks in advance image
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Saddlery Company sells leather saddles and equipment for horse enthusiasts. Saddlery uses the periodic inventory system. The following schedule relates to the company's inventory for the month of May: Cost Sales May 1 Beginning inventory 120 units $72,000 5 Sale 80 units $62.400 9 Purchase 40 units $26,400 13 Purchase 160 units $115,200 24 Sale 160 units $134,400 27 Sale 40 units $38,400 30 Purchase 60 units $47.520 Calculate Saddlery Company's cost of goods sold, gross margin, and ending inventory using FIFO. Cost of goods sold $ Gross margin $ Ending Inventory $ Calculate Saddlery Company's cost of goods sold, gross margin and ending inventory using weighted average. (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to 2 decimal places, e8.610.52.) Cost of goods sold $ Gross margin $ Ending Inventory e Textbook and Media Which cost formula produced the higher gross margin? (Round answers to 2 decimal places, eg, 61.05%) Gross Margin Ratio 9 FIFO % Weighted average produces the higher gross margin

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