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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 Purchased units @ $ each.
Purchased units @ $ each.
Sold units @ $ each.
Purchased units @ $ each.
Sold units @ $ each.
Purchased units @ $ each.
Sold units @ $ each.
Sold units @ $ each.
Purchased units @ $ each.
Sold units @$ 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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