please folllow three instructions

ord journal profit. E6.4 (LO 2) AP On May 1. Black Bear Company had 400 units of inventory on hand, at each. The company uses a perpetual inventory system. All purchases and sales are on account of inventory transactions for the month of May for the company is as follows: units of inventory on hand, at a cost of $4.00 nases and sales are on account. A record 18 Purchases Sales May 4 1.300 @ $4.10 May 3 300 @ $7.00 700 @ $4.40 16 1,000 @ $7.00 29 500 @ $4.75 400 @ $7.50 Instructions a. Calculate the cost of goods sold and ending inventory using FIFO. b. Prepare journal entries to record the May 4 purchase and the May 3 and 16 sales. c. Calculate gross profit for May. A R Ton Licht Company uses a perpetual inventory system. The company began 2021 with C