Pharoah Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 120 units were sold. Date May 1 15 24 Explanation Inventory Purchases Purchases Totals Ending inventory at May 31 Units Cost of goods sold 56 46 65 167 $ Unit Cost $ $11 14 15 Total Cost Calculate 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 $616 644 975 $2,235 LIFO $ Average-cost Ih

Calculate 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, es. 15.647 and final answers to 0 decimal places, e.s. 5, 125.)