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Gallop Corporation uses a perpetual inventory system had the following transactions during the month of May 2020: Date Event Quantity Cost/Selling Price/unit 1-Jul-20 Beginning Inventory

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Gallop Corporation uses a perpetual inventory system had the following transactions during the month of May 2020: Date Event Quantity Cost/Selling Price/unit 1-Jul-20 Beginning Inventory 250 16.90 10-Jul-20 Purchase 1,000 18.50 15-Jul-20 Sale 750 36.00 24-Jul-20 Purchase 1,100 20.50 26-Jul-20 Sale 1,400 37.00 REQUIRED: Round all dollars to the nearest cent; show ALL calculations a) Assuming Gallop uses FIFO inventory cost flow method, the cost of goods sold at July 31st is $ b) Assuming Gallop uses FIFO inventory cost flow method, the gross profit for the month of July is $_ C) Assuming Gallop uses the moving weighted-average cost flow method, the cost of ending inventory for the month of July is $

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