Saddlery Company sells leather saddles and equipment for horse enthusiasts. Saddlery uses the perpetual inventory...
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Accounting
Saddlery 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 morith of May.
Cost
Sales
May
Beginning inventory
units
$
Sale
units
$
Purchase
units
$
Purchase
units
$
Sale
units
$
Sale
units
$
Purchase
units
$
Calculate Saddlery Company's cost of goods sold, gross margin, and ending inventory using FIFO
Cost of goods sold
Gross margin
S
Ending Inventory
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