Alpha Company uses the perpetual inventory system and had the following inventory & sales activity for the month of May 2016:

Date: Activity: Quantity: Unit Price:

5/1 Beginning inventory 175 $10

5/5 Purchase 200 $12

5/10 Sales 300 $25

5/15 Purchase 200 $15

5/20 Sales 250 $30

5/25 Purchase 150 $16

Using the LIFO method, determine the dollar values following for the month of May:

Ending Inventory

Goods Available for Sale

Sales

Cost of Goods Sold

Gross Profit