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9-10 Zambia Pastry uses a periodic inventory system. Its records show the following for the C month of May, in which 70 units were sold.

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9-10 Zambia Pastry uses a periodic inventory system. Its records show the following for the C month of May, in which 70 units were sold. go L Units Unit Cost Total Cost 15 May Inventory 30 $ 8 $240 15 Purchases 25 11 275 24 Purchases 35 12 420 Totals 90 $935 Instructions Compute the ending inventory at May 31 using the FIFO and the LIFO methods. Prove the amount allocated to cost of goods sold under each method

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