BILO, Inc.'s inventory activity in May was as follows: Inventory, May 1 10 units @ $8 each Purchase, May 7 30 units @ $6 each Sale, May 18 25 units @ $15 each Record the entry for the May 18 sale on account and the cost of the sale on the accounting equation assuming last-in, first-out (LIFO) is used. Credit Inventory $150 Credit Accounts Receivable $375 Debit Accounts Receivable $375 Credit Inventory $170 Debit Cash $375 Credit Cost of Goods Sold $200 Debit Cost of Goods Sold $170 Credit Cost of Goods Sold $150 Debit Cost of Goods Sold $150 Credit Sales $375