Part B: What is the inventory balance (5) after the May 13 sale? 58925 53595 558652 58.000 58.400 Part: What is the cost of goods sold (5) for the May 29 sale? 657838 57.600 CS1423 SOTS 057.546 Part D: What is the ending inventory balance (5) on May 317 555212 C55450 555504 55.827 A retailer uses the perpetual inventory and weighted average cost to value its inventory and cost of goods sold. The business recorded the following inventory transactions during the month of May. Purchases Sales Units Unit Cost Units Unit Price May 1 Beginning inventory S0 $75 3 Purchase 135 $50 13 Sale 105 S110 15 Purchase 50 29 Sale 95 5110 Instructions Use the perpetual FIFO method to answer the following questions concerning May Inventory transactions Calculate inventory and cost of goods sold to the nearest dollar (51). Part A: What is the cost of Goods sold (5) for the May 13 sale! $85 58.400 57.875 5138 $8.205 58.000