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Fill in the blanks and answer all the questions. 4 The following is from the records of Big Corp. which uses the perpetual method. A

Fill in the blanks and answer all the questions. 4 The following is from the records of Big Corp. which uses the perpetual method.
A. Calculate the total dollar amount for goods available for the month of May:
B. Determine the number of units in the ending inventory at May 31.
C. Determine the total sales for the month
D. Calculate the dollar amounts of ending inventory and cost of goods sold and gross profit using the
FIFO METHOD.
Cost of Goods Sold
Gross Profit
E. Calculate the dollar amounts of ending inventory and cost of goods sold and gross profit using the
LIFO METHOD.
Cost of Goods Sold
Gross Profit
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