REDO - PERPETUAL PROBLEM Willie Corporation buys and sells stuffed animals. The company uses a perpetual inventory tracking system. A summary of the company's accounting information is shown below. All stuffed animals sell for $20 each. INVENTORY SUMMARY DATE COST OF ITEM TOTALS # of UNITS 10 10.00 100.00 BEGINNING OR PURCHASES 1-May BEGINNING 15-May PURCHASE 30-May PURCHASE $ $ $ 20 20 280.00 $ $ $ 14.00 12.50 250.00 SALES SUMMARY DATE # OF UNITS SOLD 10-May 5 20-May 10 31-May 23 At the end of the month. A physical count of inventory determines that 12 animals remain. PERPETUAL METHOD FIFO METHOD Sales Cost of Goods Sold CK FIGURE - $480.00 Ending Inventory Gross Profit (SALES - COGS] LIFO METHOD Sales Cost of Goods Sold CK FIGURE - $482.00 Ending Inventory Gross Profit AVERAGE-COST (WEIGHTED AVERAGE) Sales Cost of Goods Sold CK FIGURE - $476.40 Ending Inventory Gross Profit