I honestly need help on FIFO, LIFO, weighted average, and specific method on these chapter 7 questions.The following transactions occurred for the month of May. Date Units Cost Total Sales Price 1-May Beginning Balance 65 13 $845 2-May Purchase 75 14 $1,050 3-May Purchase 70 16 $1,120 10-May Sale 100 $30 15-May Purchase 40 17 $680 17-May Sale 45 $30 30-May Sale 100 $30 Calculate the Cost of Goods Sold, Ending inventory, and Gross Profit for the month under Weighted Averages.Do not round the unit cost. Do round total costs to the nearest cent on each transaction.End of the month totals Cost of Goods Sold $ Ending Inventory $ Gross Profit $

I honestly need help on FIFO, LIFO, weighted average, and specific method on these chapter 7 questions. The following transactions occurred for the month of May. Date Units Cost Total Sales Price...

I honestly need help on FIFO, LIFO, weighted average, and specific method on these chapter 7 questions.

The following transactions occurred for the month of May.

Date		Units	Cost	Total	Sales Price
1-May	Beginning Balance	65	13	$845
2-May	Purchase	75	14	$1,050
3-May	Purchase	70	16	$1,120
10-May	Sale	100			$30
15-May	Purchase	40	17	$680
17-May	Sale	45			$30
30-May	Sale	100			$30

Calculate the Cost of Goods Sold, Ending inventory, and Gross Profit for the month under Weighted Averages.Do not round the unit cost. Do round total costs to the nearest cent on each transaction.

End of the month totals

Cost of Goods Sold	$
Ending Inventory	$
Gross Profit	$

Jun 01, 2022

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I honestly need help on FIFO, LIFO, weighted average, and specific method on these chapter 7 questions. The following transactions occurred for the month of May. Date Units Cost Total Sales Price...

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