15 Question 4 Part A The opening and closing inventory balances and purchases for the month of May 2022 for the "Indian Eye Business" are as follows: Units Per unit Inventory, 1 May 7,000 $4.00 Purchase, 3 May 8,000 4.10 Purchase, 15 May 11,000 4.20 Purchase, 20 May 15,000 4.25 Inventory, 31 May 20,000 Required: Determine the cost of goods sold for May under each of the following cost flow assumptions: (a) FIFO (b) Weighted Average Click or tap here to enter text.