Exercise 6-6 Xiong Co. uses a periodic inventory system. Its records show the following for the month of May, in which 65 units were sold. Unit Units Cost Total Cost $240 275 24 Purchases 35 12420 $935 May 1 Inventory 30 $8 15 Purchases 25 Totals 90 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 Click if you would like to Show Work for this question: gpen Show Work