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4. Santa Fe Tile Company had the following inventory purchases and sales during the month of May. The company uses the periodic inventory method. Sales

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4. Santa Fe Tile Company had the following inventory purchases and sales during the month of May. The company uses the periodic inventory method. Sales Units Unit Cost Unit Price Total $4 Purchases Date Units May 1 100 5 200 10 15 100 20150 Total $400 1,000 5 100 $ 10 $1,000 - 6 600 1,050 200 11 $2,200 30 8 160 T 710 1,280 $4,330 Totals 300 $3,200 If Santa Fe uses FIFO costing, how much was the Cost of goods sold for the month? What is ending inventory ($)? If Santa Fe uses Periodic LIFO costing, how was much was COGS for the month? What is ending inventory ($)

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