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9 315 245 4. AL ZAIN ltd uses a periodic inventory system. Its records show the following for the month of May, in which 46 units were sold Date Particulars Units Unit Cost Total Cost May 1 Inventory| 35 17 Purchases 35 7. 20 Purchases 10 12 120 Total 80 680 Instructions: Compute the ending inventory at May31st and the cost of goods sold using the FIFO, LIFO and the average-cost method