Please show solutions, where applicable. No solution, no point will be given. Thank you! BASIC INVENTORY COMPUTATIONS KFC uses a periodic inventory system. Its beginning inventory on May 1 consisted of 300 units of Product A at a cost of $6.25 per unit. During May, the following purchases and sales were made: Purchases Sales May 6 300 units at May 4 275 Units $7.20 14 400 units 8 300 units $9.10 21 100 units at 22 400 units $11.50 28 500 units 24 225 units $11.80 1,300 1,200 at Instructions: Compute the May 31 ending inventory and May cost of goods sold under (a) Average Cost and (b) FIFO,. Provide appropriate supporting calculations