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Exercise 6-6 Blossom Company uses a periodic inventory system. Its records show the following for the month of May, in which 137 units were sold

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Exercise 6-6 Blossom Company uses a periodic inventory system. Its records show the following for the month of May, in which 137 units were sold Unit Total Cost $693 742 1,110 $2,545 Units May 1 Inventory 63 15 Purchases 53 24 Purchases 74 190 Cost $11 14 15 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

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