EG- SE Ranbyle LO uses a periodic Inventory System. It's records Show the following for the month of May , in which IS units were sold . Units Unit Cost Total Cost May I Inventory $ 280 15 Purchases 10 3201 24 Purchases 11 495 "Totals $ 1. 0195 Instructions _ampute the ending inventory at May ] I and cost of goods sold using the FIFO and LIFO meth - ads. Prove the amount allocated to cast of goods sold under each method