PULL SCREEN PRINTER VERSION #BACK Question 11 On May 1, Sunland Company had 430 units of inventory on hand, at a cost of $4.00 each. The company uses a perpetual inventory system. Al purchases and sales are on account. A record of inventory transactions for the month of May for the company is as follows: Purchases Sales May 4 1,400 $4.10 May 3 260 $7.00 670 $4.50 16 1,200 $7.00 29 500 $4.75 18 370 37.50 (a) Calculate the cost of goods sold and ending inventory using Flo