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Brutus Corporation, a newly formed corporation, has the following transactions during May, its first month o operations. May 1 Purchased 500 units @ $25.00 each

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Brutus Corporation, a newly formed corporation, has the following transactions during May, its first month o operations. May 1 Purchased 500 units @ $25.00 each 4 Purchased 300 units @ $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 Using the table provided calculate total sales cost of goods sold gross profit and ending intentory using each of the LIFO perpetual inventory method O Total sales: $56,975.00 Cost of goods sold: $36.431.25 Gross profit: $20,543.75 Ending inventory: $19.981.2 O Total sales: $56.975.00 Cost of goods sold: $36,587.50 Gross profit: $20.387.50 Ending inventory. $19,825.00 Total sales: $56,975.00 Cost of goods sold: 537312.50 Gross profit: $19.662.50 Ending inventory: S19.573.25 Total sales: 556,975.00 Cost of goods sold: $37,401.75 Gross profit. 519.573.25 Ending inremory: $19.010.75

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