Indigo Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 85 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 29 $ 10 $290 May 15 Purchase 24 11 264 May 24 Purchase 43 12 516 Total 96 $ 1.070 Calculate the cost of goods sold and the ending inventory at May 31 using the average cost formula, (Round average cost to 3 decimal places, ag 5.252 and round final answer to 2 decimal places, eg 5.25) Cost of goods sold Ending inventory 122.65