2. Pedigo Company uses the perpetual inventory system. The following information is available for th month of May May 1 Beginning inventory 125 units @ 5 10 Purchase 20 units @ 8 15 Sales 15 units 18 Purchase 10 units @ E9 21 Sales 30 units 30 Purchase 15 units @ 10 Instructions Prepare a schedule to show cost of goods sold and the value of the ending inventory for the month of May . (a). Using the FIFO assumption, calculate cost of goods sold and the value of the ending inventory for the month of May (b). Using the moving average cost method, calculate cost of goods sold and the value of the ending inventory for the month of May. (a) cost of goods sold ending inventory for the month of May (b) cost of goods sold ending inventory for the month of May