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Free Company's records show the following information related to one of its products: May 1 : Balance on Hand - 3 0 0 units @

Free Company's records show the following information related to one of its products: May 1: Balance on Hand -300 units @ $5.00, May 12: Purchased 600 units @ $6.00, May 30: Purchased 100 units @ $7.00. Free uses a periodic inventory system. Assuming that 600 units were sold during May. Copute the May 31 inventory and cost of goods sold during May under each of the following methods: 1. FIFO, 2. LIFO, 3. Weighted average.

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