Heads Up is a retail store that sells baseball caps. Heads Up had the following inventory purchases and sales during May 2009:

Required:
Determine Heads Up€™ sending inventory, cost of goods sold, and gross profit for May 2009, assuming Heads Up uses a perpetual inventory system and the following inventory costing methods:
(a) FIFO
(b) LIFO
(c) Moving-average

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#of Units 120 Per Unit Cost Per Unit Selling Price BI May 3 purchase May 7 sale May 9 purchase May 14 sale May 16 purchase May 22 sale May 25 purchase May 31 sale $11 350 12 410 14 620 730 5 14