Cheyenne Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 83 units were sold. Date May 1 May 15 May 24 Explanation Inventory Purchase Purchase Total Units 30 25 39 Unit Cost $10 11 12 Total Cost $300 275 468 94 $1,043 (a) Calculate the cost of goods sold and the ending inventory at May 31 using the FIFO formula. Cost of goods sold Ending inventory $ e Textbook and Media Save for Later Attempts: 0 of 15 used Submit