The attachment has only one question. Please provide the answer with explanation.

1. Alpha Company uses the perpetual inventory system and had the following inventory and sales activity for the month of May 2016: Date Activity Quantity Unit Price 5/1 Beginning inventory 150 $10 5/5 Purchase 200 $12 5/10 Sales 225 $20 5/15 Purchase 300 $14 5/20 Sales 300 $25 5/25 Purchase 150 $16 Using the LIFO method, determine the dollar values following for the month of May: 1. Ending inventory 2. Goods Available for Sale 3. Sales 4. Cost of Goods Sold 5. Gross Profit 1. _________________ 2. _________________ 3. _________________ 4. _________________ 5._________________