COURSE SEARCH MY COURSES Q1 Quick Profit Company began operations on May 1. It uses a perpetual inventory system. During May, the company had the following purchases and sales Date Purchases Sales Units Unit cost $ Units Selling price/units May 1 7 155 4 210 8 8 170 12 5 200 15 6 185 Compute the cost of cost of sales under periodic inventory system UNDER FIFO 15 marks) 7 A B 1 E il 2