under LIFO

Due in T hours, 35 The following transactions occurred for the month of May. Units Cost Total Sales Price Date 1-May Beginning Balance 65 16 $1,040 2-May Purchase 3-May Purchase 75 10 $750 60 11 $660 95 45 18 $810 50 60 10-May Sale 15-May Purchase 17-May Sale 30-May Sale $40 $40 $40 Calculate the Cost of Goods Sold, Ending inventory, and Gross Profit for the month under LIFO End of the month totals Cost of Goods Sold$ Ending Inventory Gross Profit