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. Purchased 300 units @ $24.00 each. Sold 400 units @ $38.00 each. Purchased 700 units @ $23.00 each. Sold 450 units @ $37.50 each. Purchased 250 units @ $25.25 each. Sold 275 units @ $36.00 each. Sold 300 units @ $37.00 each. Purchased 550 units @ $26.00 each. Sold 100 units @ $39.00 each. 4 6 8 13 20 22 27 28 30 Using the table provided and assuming a periodic inventory system, determine total sales, cost of goods sold, gross profit, and ending inventory using the weighted average cost method. Round the average unit cost to the nearest cent. a. Total sales: $56,975.00 Cost of goods sold: $36,431.25 Gross profit: $20,543.75 Ending inventory: $19,981.20 Ob. Total sales: $56,975.00 Cost of goods sold: $37,312.50 Gross profit: $19,662.50 Ending inventory: $19,573.25 c. Total sales: $56,975.00 Cost of goods sold: $37,401.75 Gross profit: $19,573.25 Ending inventory: $19,010.75 Od. Total sales: $56,975.00 Cost of goods sold: $36,587.50 Gross profit: $20,387.50

Brutus Corporation, a newly formed corporation, has the following transactions during May, its first month of operations. May 1 Purchased 500 units (2) $25.00 each. 4 Purchased 300 units (i. $24.00 each. 6 Sold 400 units is $38.00 each. 8 Purchased 700 units $23.00 each. 13 Sold 450 units (i) $37.50 each. 20 Purchased 250 units it $25.25 each. 22 Sold 275 units 336.00 each. 27 Sold 300 units o $37.00 each. 28 Purchased 550 units 9$26.00 each. 30 Sold 100 units $39.00 each. Using the table provided and assuming a periodic inventory system, determine total sales, cost of goods sold, gross profit, and ending inventory using the weighted average cost method. Round the average unit cost to the nearest cent. a. Total sales: 556.975 .00 Cest of ropds sild 536,43125 Ciross profit $20.541.75 Ending iavedoty 519,98120 B. Total saln: 5$6.97500 Cest of goods sold 517,32.50 Grow proft 519,66250 Tintine ienralery 519,571.25 c. Total uln $56.975 oo Cont of moods nolat 537,401.75 Cirow profie 519,57)25 indiey inrestary 519,010.75 1. Total rales: $5697500 Cost af goods sold 536587.50 Gres jeofit 520.38750