quiz 10 pts 09-17-2020 elook Calculator 5.ALGO Inventory Costing Methods Morrison Inc. reported the following information for the month of May: 11. ALGO Inventory, May 1 60 units $18 Purchase May 7 55 units $20 May 18 66 units $21 May 27 47 units $23 During May. Morrison sold 144 units. The company uses a periodic inventory system, Required: What is the value of ending Inventory and cost of goods sold for May under the following assumptions. Assumption 1. of the 144 units sold, 50 cost $18, 39 cost $20, 50 cost $21, and 5 cost $23. 2. FIFO 13. LIFO Ending Inventory Cost of Goods Sold s 2,845 4. Weighted average method (Round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar Check My Workmore Check My Wong There to search a PM