Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20 using the LIFO inventory cost method $196 $204 $240 $124 Assuming that the company uses the perpetual uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20 using the average inventory cost method $250 $160 $200 $204 Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20 using the LIFO inventory cost method $196 $204 $240 $124 Assuming that the company uses the perpetual uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20 using the average inventory cost method $250 $160 $200 $204