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The following transactions occurred for the month of May. Date 1-May Beginning Balance 2-May Purchase 3-May Purchase 10-May Sale 15-May Purchase 17-May Sale 30-May Sale

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The following transactions occurred for the month of May. Date 1-May Beginning Balance 2-May Purchase 3-May Purchase 10-May Sale 15-May Purchase 17-May Sale 30-May Sale Units Cost Total Sales Price 65 15 $975 60 10 $600 70 13 $910 120 $35 45 18 $810 60 $35 50 $35 Calculate the cost of Goods Sold, Ending inventory, and Gross Profit for the month under FIFO, LIFO, and Weighted Average FIFO Cost of Goods Sold $ Ending Inventory $ Gross Profit LIFO Cost of Goods Sold $ Ending Inventory $ Gross Profit $ Cost of Goods Sold $ Ending Inventory Gross Profit LIFO Cost of Goods Sold $ Ending Inventory Gross Profit Weighted Average. Do not round the unit cost. Do round total costs to the nearest cent on each transaction. Cost of Goods Sold $ Ending Inventory $ Gross Profit Submit All Parts

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