The following transactions occurred for the month of May.

Date Units Cost Total Sales Price

1-May Beginning Balance 85 12 $1,020

2-May Purchase 65 16 $1,040

3-May Purchase 70 14 $980

10-May Sale 115 $35

15-May Purchase 30 19 $570

17-May Sale 35 $35

30-May Sale 60 $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 $