Alternative Inventory Methods Garrett Company has the following transactions during the months of April and May: Date Transaction Units Cost/Unit April 1 Balance 17 Purchase $5.10 25 Sale 500 200 150 100 250 300 28 Purchase 5.90 5.10 May 5 Purchase 18 Sale 22 Sale 50 The cost of the inventory on April 1 is $5, $4, and $2 per unit, respectively, under the FIFO, average, and LIFO cost flow assumptions. Required: 1. Compute the costs of goods sold for each month and the inventories at the end of each month for the following alternatives: a. FIFO periodic Cost of Goods Sold Ending Inventory 750 X April $ May $ $ C $ b. FIFO perpetual Cost of Goods Sold Ending Inventory April $ 750 $ May $ $ C. LIFO periodic Cost of Goods Sold Ending Inventory April $ $ May $ $ d. LIFO perpetual (Round your intermediate calculations to the nearest cent.) Cost of Goods Sold Ending Inventory April $ $ May $ $ e. Weighted average (Round unit costs to 4 decimal places and final answer to the nearest dollar.) Cost of Goods Sold Ending Inventory April April May $ $ $ $ May