Britt Company uses the perpetual inventory system and the LIFO method. The following information is available for the month of May: May 1 Beginning inventory 20 units @ $6 10 Purchase 20 units @ $7 15 Sales 12 units 18 Purchase 10 units @ $9 21 Sales 18 units 30 Purchase 10 units @ $10 Prepare a schedule to show cost of goods sold and the value of the ending inventory for the month of May. Cost of goods sold: May 15 Sale 12 units $ 7 $ 84 May 21 Sale 18 units $ 9 162 30 units x $ 16 480 60 units 5. $ 726 Ending inventory: May 1 20 units $ 6 $ 120 May 30 10 units x $ 10 100 30 30 units $ 220