Rusthe Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 74 units were sold.

Instructions
Calculate the ending inventory at May 31 using the
(a) FIFO,
(b) LIFO, and
(c) average-cost methods. (For average-cost, round the average unit cost to three decimal places.) Prove the amount allocated to cost of goods sold under each method.

May Inventory 15 Purchase 24 Purchase Date Explanation Units Unit Cost Total Cost 30 25 38 93 s 9 10 $270 250 418 $938 Total