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Sunland Company uses a periodic inventory system. Its records show the following for the month of May, in which 104 units were sold. Unit Units
Sunland Company uses a periodic inventory system. Its records show the following for the month of May, in which 104 units were sold. Unit Units Cost Total Cost May 1 Inventory 48 $14 $672 15 Purchases 40 17 680 24 Purchases 56 18 1,008 Totals 144 $2,360 == Compute 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 O decimal places, e.g. 5,125.) Ending inventory at $ May 31 Cost of $ goods sold FIFO 1640 $ LIFO $ $ $ Average-cost
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