The following transactions occurred for the month of May Date 1-May Beginning Balance75 15 S1,125 2-May Purchase 3-May Purchase Units Cost Total Sales Price 10-May Sale 15-May Purchase 17-May Sale 30-May Sale 85 10 $850 80 16 $1,280 100 35 17 S595 40 95 $40 $40 $40 Create a perpetual inventory record then calculate the Cost of Goods Sold, Ending inventory, and Gross Profit for the month under FIFO Purchases Cost of Goods Sold Unit Cost Inventory on Hand Total Cost Total QuantityCostCost Unit Dates Quantity Unit Cost Total Cost Quantity May 1 May 2 May 3 May 10 May 15 May 17 May 30 End of the month totals Cost of Goods Sold S Ending Inventory $ Gross Profit