1. Brutus Corporation, a newly formed corporation, has the following transactions during May, its first month of operations. Purchased 500 units @ $25.00 each 4 May 1 Purchased 300 units a $24.00 each 6 Sold 400 units@$38.00 each 8 Purchased 700 units @ $23.00 each 13 Sold 450 units @$37.50 each 20 Purchased 250 units @ $25.25 each 22 Sold 275 units @ $36.00 each 27 Sold 300 units @$37.00 each 28 Purchased 550 units @ $26.00 each 30 Sold 100 units @ $39.00 each Calculate total sales, cost of merchandise sold, gross profit, and ending inventory using each of the following inventory methods 1. FIFO perpetual 2. FIFO periodic 3. LIFO perpetual 4. LIFO periodic 5. Average cost periodic (round average to nearest cent)