Krazy kids has been quite successful. They sell all of their inventory in April, and then start buying again in May. We receive cash for all the sales. Here is what we find for the month of May:

Date Description Units / $s

May 1^st Purchase 200 units @ $15

May 5^th Sale 75 units @ $100

May 6^th Purchase 100 units @ $18

May 8^th Sale 150 units @ $100

8: Just like we did in class, using Weighted Average and a perpetual inventory system, calculate the following for the entire month. You can use the following table if that helps. *Round to 2 Decimal Places

Sales Revenue:

Cost of Goods Sold:

Gross Profit:

Ending Inventory: