Exercise 6-5 xiong Co. uses a periodic inventory system. Its records show the following for the month of May, in which 68 units were sold. Units Unit Cost Total Cost $256 286 May 1 Inventory 32 15 Purchases 26 24 Purchases 37 Totals 95 12 $986 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 TO TEXT EO: APPLIED SKILLS By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor