Oriole Co. uses a periodic inventory system. Its records show the following for the month of May, in which 70 units were sold. May 1 15 24 Inventory Purchases Purchases Totals Units 30 Cost of goods sold 29 33 92 - Ending inventory at May 31 $ Unit Cost $ $8 11 12 Total Cost Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO $240 319 396 $955 $ $ LIFO 4

Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LifO methods