find cost of goods sold by FIFO and average cost. a) cost of goods sold b) ending inventory

Bridgeport-Mart Centre Inc. opened for business on May 1, and uses a perpetual inventory system. During May, the company had the following purchases and sales for one of its products: Purchases Sales Date Units Unit Cost Units Unit Price May 1 120 $100 3 80 $245 8 100 110 13 80 269 15 60 116 20 60 294 27 40 319