AlphaCompanyusestheperpetualinventorysystemandhadthefollowinginventoryandsales

activityforthemonthofMay2016:

Date Activity Quantity UnitPrice

5/1 Beginninginventory 100 $10

5/5 Purchase 200 $11

5/10 Sales 300 $25

5/15 Purchase 200 $13

5/20 Sales 150 $35

5/25 Purchase 150 $15

UsingtheLIFOmethod,determinethedollarvaluesfollowingforthemonthofMay:

1.Endinginventory

2.GoodsAvailableforSale

3.Sales

4.CostofGoodsSold

5.GrossProfit

1. _________________

2. _________________

3. _________________

4. _________________

5._________________