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Brutus Corporation, a newly formed corporation, has the following transactions during May, its first month of operations. May 1 Purchased 5 0 0 units @

Brutus Corporation, a newly formed corporation, has the following transactions during May, its first month of 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.
Calculate total sales, cost of merchandise sold, gross profit, and ending inventory using each of the following inventory methods:
FIFO Perpetual
FIFO Periodic
LIFO Perpetual
LIFO Periodic
Average Cost Periodic
Total Sales (not dependent on inventory method)
Total Goods Available for Sale (round to the nearest cent)
Round your final answers to two decimal places. In your computations, round the average cost per unit to two decimal places.
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