Commercimey for My Ame Gray the periodic med 180 May 11 Unit Cow Total 120 100 $ M 16 5 50 60 20 80 6,000 180.000 26.000 20,000 250 www.b for during May LIFO! SRO,000 is May in the weight we metod, how the promote for May 47 Question 3. Gray Company reports the following information regarding merchandise inventory for May. Anume Cinyases the periodic system and that 280 unit of merchandise were on hand on May 1 SE Unit Com Total Cost 5 5 50 60 70 NO 6,000 18,000 28,000 20,000 ST Unte Explanation Units 1-May Inventory 120 10-May Purchase 300 16-May Puch 400 24-May Purchase 250 What the cost of goods available for sale for May? b. How many units of investory were available for sale during May? e: What is the cost of ending inventory under FIFO? d. How much is out of goods sold under LIPOT 10 CH e. If Gray Company has les of $80,000 in May and was the weighted avenge method, how much in the gross profit for May