Q#4) Sunland Co. uses a periodic inventory system. Its records show the following for the month of May, in which 65 units were sold. May 1 Inventory Units 30 Unit Cost $8 Total Cost $240 15 Purchases 25 11 275 24 Purchases 35 12 420 Totals 90 $935 Instructions Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. (10)