Coggin Company sells many products. Printers are one of its most popular items. Below is an analysis of the inventory purchases and sales of printers for the month of May. Coggin Company uses the perpetual inventory system. Coggin is located in Madrid, Spain.

Inventory Coggin Company sells many products. Printers are one of its most popular items. Below is an analysis of the inventory purchases and sales of printers for the month of May. Coggin Company uses the perpetual inventory system. Coggin is.located in Madrid, Spain. Purchases Sales Unit Cost 33 Unit Price Units Beginning Inventory 100 60 Units 3/1 Purchase 3/3 32.50 3/4 Sales 70 50 Sales Return 50 3/5 (10) 3/10 Purchase 200 36 (2) 36 3/11 Purchase Return 3/16 Sales 55 80 Sales 55 3/19 60 3/25 Sales 70 56 Purchase 37.50 3/30 40 Instructions 1. Using Moving Average assumption, calculate the amount charged to cost of goods sold for May. (Show your work). (10 points) 2. Calculate Gross Profit (10 points) 3. Calculate the value of the Ending Inventory. (5 points)