Caring Hands Ltd. is a retailer specializing in hand care products. The company donates twenty percent of its profits to local charities Caring Hands uses the perpetual inventory system and the following limited information relates to Caring Hands Ltd.'s inventory transactions during the month of May: Date Units Cost/Unit Amount May 1 Beginning Inventory 7,700 $41 $315,700 5 Sale 3,600 13 13 Purchase 1,500 $48 $72,000 28 72 22 17 Purchase 700 $49 $34,300 20 Sale 3,400 Purchase 2,600 $54 $140,400 30 Sale 3,900