ABC Trading Company had the following transactions for the month of May. The company uses PERIODIC INVENTORY SYSTEM. Date Transaction 1-May Beginning Inventory 3-May Purchase 15-May Purchase TOTAL Units Cost per Unit (OMI 10 6.00 15 6.50 25 7.00 50 The company sold 35 units Required: Compute the cost of ending inventory using FIFO periodic OMR 92.50 OMR 99.75 OMR 105.00 OMR 227.50