Ballas Co. uses a periodic inventory system. Its records show the following for the month of May, in which 133 units were sold.

Question 6 Ballas Co. uses a periodic inventory system. Its records show the following for the month of May, in which 133 units were sold Units Unit Cost Total Cost $14 17 18 $826 May 1 Inventory 59 15 Purchases 49 24 Purchases69 Totals 177 833 1,242 $2,901 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO Ending inventory at May 31 Cost of goods sold