Headlands Industries uses a periodic inventory system. Its records show the following for the month of May, in which 77 units were sold. Date May 1 15 24 Explanation Units Inventory Purchase Purchase Total 31 Ending inventory at May 31 23 37 91 | Unit Cost $ $10 11 13 Total Cost FIFO $310 253 Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round average unit cost to 2 decimal places, e.g. 2.51 and final answers to O decimal places, e.g. 125.) 481 $1,044 LA LIFO $ AVERAGE-COST #

Headlands Industries uses a periodic inventory system. Its records show the following for the month of May, in which 77 units were sold. Calculate the ending inventory at May 31 using the FIFO, LFO and average-cost methods. (Round averdge unit cost to 2 decimol places, es. 2.51 and final answers to 0 decimal ploces, es 125