The following transactions occurred for the month of May.

Date			Units	Cost	Total	Sales Price
1-May	Beginning Balance		75	16	$1,200
2-May	Purchase		60	12	$720
3-May	Purchase		65	14	$910
10-May	Sale		95			$30
15-May	Purchase		40	17	$680
17-May	Sale		45			$30
30-May	Sale		80			$30

Create a perpetual inventory record then calculate the Cost of Goods Sold, Ending inventory, and Gross Profit for the month under LIFO

	Purchases			Cost of Goods Sold			Inventory on Hand
Dates	Quantity	Unit Cost	Total Cost	Quantity	Unit Cost	Total Cost	Quantity	Unit Cost	Total Cost
May 1
May 2
May 3
May 10
May 15
May 17
May 30

End of the month totals

Cost of Goods Sold	$
Ending Inventory	$
Gross Profit	$