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20: (4 Points) We dig out the following for Company A for the month of May. The company uses FIFO and the perpetual method of
20: (4 Points) We dig out the following for Company A for the month of May. The company uses FIFO and the perpetual method of inventory. Date Description Units / Ss May 1 Beg. Inventory 150 units @ $10.00 May 5 Purchase 220 units @ $12.00 May 10 Sale 140 units @ $20.00 May 15 Purchase 100 units @ $13.00 May 24 Sales 90 units @ $21.00 Calculate the following for the entire Month of May: Sales Revenue Cost of Goods Sold Gross Profit Ending Inventory
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