Zimmer Company uses the perpetual inventory system and the LIFO method. The following information is available for the month of May: 
Instructions
Prepare a schedule to show cost of goods sold and the value of the ending inventory for the month of May.
Definitions:
Pricing
The process of determining what a company will receive in exchange for its products or services.
Operations
entails the daily activities, processes, and functions carried out in running a business, particularly related to production of goods or services.
Return on Investment
A measure of the profitability of an investment, calculated by dividing the gain from the investment by its cost.
Cost Centre Managers
Individuals responsible for managing a department or unit within an organization that does not directly add to profit but incurs costs.
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