Surendal uses the perpetual inventory and weighted average cost to value its inventory and cost of goods sold. Surendal recorded the following inventory transactions during the month of May.

Instructions: Use the perpetual weighted average method to answer the following questions concerning May inventory transactions. Calculate unit costs to the nearest penny ($0.01). Calculate inventory and cost of goods sold to the nearest dollar ($1).

Part A: What is unit cost for the May 7 sale ($)? Answer

Part B: What is the inventory balance ($) after the May 7 sale? Answer

Part C: What is unit cost for the May 19 sale ($)? Answer

Part D: What is the cost of goods sold for the month of May ($)? Answer

Part E: What is the ending inventory balance ($) on May 31?