Loco for Cocoa, Inc.'s inventory activity in May was as follows: Inventory, May 1 10 units @ $4 each Purchase, May 7 20 units @ $5 each Sale, May 18 25 units @ $10 each Show the activity in Loco for Cocoa's inventory T account using the above information and assuming the company uses FIFO. Select "Blank" for the side opposite the beginning and ending inventory balances. Inventory 2 4. 3. 5. 6. A. $250 B. Blank C. $5 D. $20 2 E. $40 3. F $120 G. $25 5. H. $100 6 I. $255 J. $10 K. $115