The following transactions occurred for the month of May. Cost per Sales Price Date Units Total Cost Unit per Unit 1-May Beginning Balance 70 14 $980 2-May Purchase 80 11 $880 3-May Purchase 65 10 $650 10-May Sale 15-May Purchase 17-May Sale 130 $32 40 19 $760 30-May Sale 45 50 $33 $34 Requirement: Calculate the Cost of Goods Availabe for Sale, Cost of Goods Sold, Ending inventory, and Gross Profit for the month using the FIFO, LIFO, and Weighted Average methods. End of the month totals for the FIFO Method: Cost of Goods Available for Sale Ending Inventory Total Sales Cost of Goods Sold Gross Profit End of the month totals for the LIFO Method: Cost of Goods Available for Sale Ending Inventory Total Sales Cost of Goods Sold Gross Profit 75 points End of the month totals for the Weighted Average Method: Hint: When calculating the weighted average per unit cost after each transaction, round to 4 decimal places. Round total costs to the nearest cent on each transaction. If you do not follow these directions your answers will not be correct. Cost of Goods Available for Sale Ending Inventory Total Sales Cost of Goods Sold Gross Profit