Question: Please help asap. 1. The following data is available for Minnie's Collectibles Limited for the month of May 2020: Beginning inventory 3,000 units @ $10.00

Please help asap. Please help asap. 1. The following data is available for Minnie's Collectibles

1. The following data is available for Minnie's Collectibles Limited for the month of May 2020: Beginning inventory 3,000 units @ $10.00 each Purchases for the month: May 5 2,000 units @ $10.50 each 10 3,000 units @ $11.00 each 25 3,000 units @ $11.50 each Minnie's Collectibles sold 5,000 units on May 20 and 3,000 units on May 30,2020. The sale price of each unit was $30. Minnie's uses the perpetual inventory system. Required: (a) Calculate the cost of goods sold and ending inventory for May 2020 under both FIFO & weighted average cost for Minnie's Collectibles Limited. (round weighted average cost per unit to 2 decimal points) (b) Prepare a partial income statement to the point of gross profit assuming Minnie's uses weighted average cost

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