Periodic Inventory System and Inventory Costing Methods The inventory of Wood4Fun and data on purchases and sales for a two-month period follow. The company closes its books at the end of each month. It uses the periodic inventory system. Apr. 1 Beginning inventory 50 units @ $204

10 Purchase 100 units @ $220

17 Sale 90 units

30 Ending inventory 60 units

May 2 Purchase 100 units @ $216

14 Purchase 50 units @ $224

22 Purchase 60 units @ $234

30 Sale 200 units

31 Ending inventory 70 units

Determine the cost of ending inventory and cost of goods sold for April and May using the LIFO method.

I only need the cost of ending inventory of May, april was $12,400