View Policies Current Attempt in Progress Some of the information found on a detailed inventory card for Ayayai Stationery Ltd. for May is as follows: Received Unit No. of Units Cost 980 $2.90 890 3.00 Issued No. of Units Date May 1 opening balance) 2 7 10 600 510 3.20 Balance No. of Units 980 1,870 1.270 1.780 1,360 1,950 950 2,050 1,350 2,630 1.530 13 420 850 3.30 260 1,000 18 20 23 26 28 31 1.100 3.40 700 1.280 3.60 1.100 From the above data calculate the ending inventory based on each of the following cost formulas. Assume that perpetual inventory records are kept in units only and average cost is calculated monthly at each month end. (Round Intermediate calculations to 2 decimal places. c.8. 52.75 and final answers to 0 decimal places. e. 5.275.) Ending Inventory From the above data calculate the ending inventory based on each of the following cost formulas. Assume that perpetual inventory records are kept in units only and average cost is calculated monthly at each month end. (Round intermediate calculations to 2 decimal places, e.g. 52.75 and final answers to o decimal places, e.g. 5,275.) Ending Inventory First-in, first-out (FIFO) Weighted average cost $ eTextbook and Media Assistance Used Based on your results in part (a) and assuming that the average selling price per unit during May was $7.25. prepare partial income statements up to the gross profiton sales" line. (Round answers to decimal places, 6.9.5,275.) FIFO $ Sales $ Sales $ Weighted Average $ e Textbook and Media Assistance Used Calculate the gross profit percentage under each inventory cost formula. (Round answers to 1 decimal place, e.g. 527.5.). Gross Profit Percentage First-in, first-out (FIFO) % Weighted average cost % e Textbook and Media Assume the perpetual inventory record is kept in dollars, and costs are calculated at the time of each withdrawal. Recalculate the amounts under this revised assumption (Round average unit costs to 4 decimal places, e.g. 52.7521 and final answers to 2 decimal places, e.g. 52.75.) Ending Inventory First-in, first-out (FIFO) $ Moving average cost $