Problem 13-14 with clear formatting and solutions. thank you need asap

1. What is the amount of gross profit for the eleven months ended May 31, 2020? a. 1,680,000 b. 1,725,000 c. 1,735,000 d. 1,670,000 2. What is the amount of sales for the month of June? a. 1, 100,000 b. 1,200,000 C. 1,300,000 d. 1,400,000 3. What is the cost of goods sold for the month of June ? a. 960,000 b. 880,000 C. 980,000 d. 950,000 4. What is the inventory on June 30, 2020? 190 a. 1, 160,000 b. 1,240,000 C. 1,340,000 d. 1, 140,000Problem 13-14 (AICPA Adapted) In conducting an audit of Ultimate Company for the year ended June 30, 2020, the CPA observed the physical inventory at an interim date, May 31, 2020, instead of at year end. The following information was obtained from the general ledger. 875,000 Inventory, July 1, 2019 Physical inventory, May 31, 2020 950,000 Sales for 11 months ended May 31, 2020 8,400,000 Sales for year ended June 30, 2020 9,600,000 Purchases for 11 months ended May 31, 2020 before audit adjustments 6,750,000 Purchases for year ended June 30, 2020 before audit adjustments 8,000,000 a. Shipments received in May and included in the physical inventory but recorded as June purchases 75,000 b. Shipments received in unsalable condition and excluded from physical inventory. Credit memos had not been received nor had chargebacks to vendors been recorded: 604 090,81. 000:808,12 Total at May 31, 2020 600 00 10,000 Total at June 30, 2020, including the May unrecorded chargebacks 15,000 c. Deposit made with vendor and charged to purchases in April, 2020. Product was shipped in July, 2020 20,000 d. Deposit made with vendor and charged to purchases in May, 2020. Product was shipped FOB destination, on May 29, 2020 and was included in May 31, 2020 physical inventory as goods in transit 55,000 e. Through the carelessness of the receiving department a June shipment was damaged by rain. This shipment was later sold in June at its cost of 18 000 0100,000 006 608,106