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The following transactions occurred for the month of May. Date Units Cost Total Sales Price 1-May Beginning Balance 85 15 $1,275 2-May Purchase 80
The following transactions occurred for the month of May. Date Units Cost Total Sales Price 1-May Beginning Balance 85 15 $1,275 2-May Purchase 80 16 $1,280 3-May Purchase 60 12 $720 10-May Sale 105 $35 15-May Purchase 45 18 $810 17-May Sale 50 $35 30-May Sale 110 $35 Calculate the Cost of Goods Sold, Ending inventory, and Gross Profit for the month under FIFO. End of the month totals Cost of Goods Sold $ Ending Inventory $ Gross Profit $ Question Help: Video Submit All Parts
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