Swifty Co. uses a periodic inventory system. Its records show the following for the month of May, in which 73 units were sold. May 1 15 24 Inventory Purchases Purchases Totals Units 35 Cost of goods sold 23 37 95 Ending inventory at May 31 $ Unit Cost LA $5 8 9 Total Cost Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO $175 184 333 $692 333 622 $ $ LIFO A

Swifty Co. uses a periodic inventory system. Its records show the following for the month of May, in which 73 units were sold. Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods