Brutus Corporation,a Newly Formed Corporation,has the Following Transactions During May,its

Essay

Brutus Corporation,a newly formed corporation,has the following transactions during May,its first month of operations.​May 1 Purchased 500 units @ $25.00 each.4 Purchased 300 units @ $24.00 each.6 Sold 400 units @ $38.00 each.8 Purchased 700 units @ $23.00 each.13 Sold 450 units @ $37.50 each.20 Purchased 250 units @ $25.25 each.22 Sold 275 units @ $36.00 each.27 Sold 300 units @ $37.00 each.28 Purchased 550 units @ $26.00 each.30 Sold 100 units @ $39.00 each.​Calculate total sales,cost of merchandise sold,gross profit,and ending inventory using each of the following inventory methods:
1.FIFO perpetual
2.FIFO periodic
3.LIFO perpetual
4.LIFO periodic
5.Average cost periodic
(round average to nearest cent)