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G H A E A record of transactions for the month of May was as follows: Sales # Units $ per unit Purchases # Units

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G H A E A record of transactions for the month of May was as follows: Sales # Units $ per unit Purchases # Units $ per unit 1-May 1,200 $ 55 4-May 500 $ 60 5-May 6-May 8-May| 1,000 $ 63 12-May 14-May 700 $ 54 70 800 $ 750 $ 80 900 $ 75 1 2 3 Instructions. Compute the ending inventory, cost of goods available for sale, cost of goods sold in both units and dollars and the Gross Profit assuming the company uses the periodic fifo and perpetual moving average methods. Show all calculations for full credit. 4

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