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Oriole Company uses a periodic inventory system. Its records show the following for the month of May, in which 127 units were sold. Units
Oriole Company uses a periodic inventory system. Its records show the following for the month of May, in which 127 units were sold. Units Unit Cost Total Cost May 1 Inventory 59 $12 $708 15 Purchases 49 15 735 24 Purchases 68 16 1.088 Totals 176 $2.531 Average-cost $ 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 O decimal places, e.g. 5,125.) FIFO Ending inventory at May 31 $ Cost of goods sold $ +A LIFO to
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