Concord Corporation uses a periodic inventory system. Its records show the following for the month of May, in which 78 units were sold.

Your answer is correct Concord Corporation uses a periodic inventory system. Its records show the following for the month of May, in which 78 units were sold Units Unit Cost Total Cost May 1 Inventory 36 $11 5396 15 Purchases 30 14 420 Purchases 42 15 630 Total 108 51.446 Compute the ending inventory at May 31 and cost of goods sold using the FIFO, LIFO, and everage-coat methods. Round per unit cost to 3 decimal places, es 15.647 and final answers to decimal places, es 5,125) FIFO LIFO Average-cost Ending inventory at May 31 330 Cost of goods sold 1116 1045 795