Question 10 (9 points) Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019: Date Activity Quantity Unit Price Q! 5/1 Beginning Inventory 120 $10 5/5 Purchase 150 $12 5/15 Purchase 260 $14 5/25 Purchase ZOU 260 $16 Sales were 470 units at $20. Using the FIFO method, determine the dollar value of Cost of Goods Sold for the month of May. Your Answer: Answer Question 11 (8 points) Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019: Date Activity Quantity Unit Price 5/1 Beginning Inventory 150 $10 5/5 Purchase 225 $12 5/15 Purchase 240 $14 5/25 Purchase 250 $16 Sales were 580 units at $20. Using the LIFO method, determine the dollar value of Cost of Goods Sold for the month of May