FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
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 $
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