Concord Co. uses a periodic inventory system. Its records show the following for the month of May, in which67units were sold.

Units

Unit Cost

Total Cost

May 1Inventory33

$6

$198

15Purchases24

9

216

24Purchases32

10

320

Totals89

$734

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$

$