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6.33: Ray's Recliners began May with 100 units of the ultimate recliner with a unit cost of $175 in Inventory Relevant information is listed as

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6.33: Ray's Recliners began May with 100 units of the ultimate recliner with a unit cost of $175 in Inventory Relevant information is listed as follows: Purchase Sale Purchase Sale May 6 May 13 May 25 May 29 150 units at $200 per unit 125 units at $500 per unit 100 units at $225 per unit 175 units at $400 per unit if Ray's Recliners uses the LIFO inventory cost flow assumption, what is its gross profit for the month? $71,250 B 562,500 573,750 D 500,000

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