Exercise 6-5 Xiong Co. uses a periodic inventory system. Its records show the following for the month of May, in which 101 units were sold Unit Cost $15 18 19 Total Cost May 1 Inventory 15 Purchases 24 Purchases Units 47 39 54 140 $705 702 1,026 $2,433 Totals 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