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Larkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 91 units were sold. Units Unit

Larkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 91 units were sold.

Units

Unit Cost

Total Cost

May 1

Inventory

42

$15

$630

15

Purchases

35

18

630

24

Purchases

49

19

931

Totals

126

$2,191

Compute the ending inventory at May 31 and cost of goods sold using the FIFO, LIFO, and average-cost methods. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.)

FIFO

LIFO

Average-cost

Ending inventory at May 31

$enter the ending inventory at May 31 as per FIFO amount in dollars

$enter the ending inventory at May 31 as per LIFO amount in dollars

$enter the ending inventory at May 31 as per Average-cost amount in dollars

Cost of goods sold

$enter the cost of goods sold as per FIFO amount in dollars

$enter the cost of goods sold as per LIFO amount in dollars

$enter the cost of goods sold as per Average-cost amount in dollars

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