Bonita Co. uses a periodic inventory system. Its records show the following for the month of May, in which 78 units were sold. Unit Cost Units Total Cost May 1 Inventory 38 $11 $418 15 Purchases 25 14 350 24 Purchases 37 15 555 Totals 100 $1,323 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO x X Ending inventory at May 31 465 341 x Cost of goods sold 858 679 $ Click if you would like to Show Work for this question: Open Show Work