Joe Poultry uses a periodic inventory system. Its beginning inventory on May 1 consisted of 300 units of Product A at a cost of $6.25 per unit. During May, the following purchases and sales were made. Purchases May 6-300 units at $7.20 May 14-400 units at $9.10 May 21-100 units at $11.50 May 28-500 units at $11.80 At the end of May they had an inventory of 400 units left. Instructions: Compute the ending inventory and cost of goods sold under (a) Average Cost, (b) FIFO, and (c) LIFO. Provide appropriate supporting calculations. 1. Average Ending Inventory = $ Cost of Goods Sold $ 2. FIFO-Ending Inventory = $ ; Cost of Goods Sold $ 3. LIFO Ending Inventory = $ Attach File ; Cost of Goods Sold = $ Browse Local Files: Browse Content Collection