The following transactions occurred for the month of May. 

Date			Units	Cost	Total	Sales Price
1-May	Beginning Balance		85	10	$850
2-May	Purchase		60	14	$840
3-May	Purchase		75	11	$825
10-May	Sale		85			$40
15-May	Purchase		30	16	$480
17-May	Sale		40			$40
30-May	Sale		100			$40

 

Calculate the Cost of Goods Sold, Ending inventory, and Gross Profit for the month under FIFO.

End of the month totals

Cost of Goods Sold	$
Ending Inventory	$
Gross Profit	$