Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019: Date Activity Quantity Unit Price 5/1 Beginning Inventory 5/5 Purchase 5/15 Purchase 5/25 Purchase 120 260 160 120 $11 $13 $17 Sales were 500 units at $25. Using the FIFO method, determine the dollar value of Ending Inventory for the month of May. Your Answer: $15 Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019: Activity Quantity Unit Price Date 5/1 Beginning Inventory 5/5 Purchase 5/15 Purchase 5/25 Purchase 140 130 280 300 $11 $13 $15 $17 Sales were 470 units at $25. Using the Weighted Average method, determine the dollar value of Cost of Goods Sold for the month of May. Your Answer: A Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019: Quantity Unit Price Date Activity. 5/1 Beginning Inventory 5/5 Purchase 5/15 Purchase 5/25 Purchase 130 140 280 300 $11 $13 $15 $17 Sales were 480 units at $25. Using the Weighted Average method, determine the dollar value of Ending Inventory for the month of May.