Swifty Inc. uses a perpetual inventory system. Its records show the following for the month of May. Unit Total Date Explanation Units Cost Cost May 1 Inventory 29 $8 $232 May 15 Purchase 24 9 216 May 18 Sale (45) May 24 Purchase 36 10 360 Total 44 $808 Your rewer is correct Calculate the cost of goods sold for May and the ending inventory at May 31 using the FIFO formula Cost of goods sold $ Ending Inventory 376 $ 432 (b) eTextbook and Media Attempts: 1 of 2 used Calculate the cost of goods sold for May and the criding inventory at May 31 using the average cost formula. (For avenge, use 3 decimal places, eg 15.235 in your calculations and round final answers to 2 decimal places, eg 5.25) Cost of goods sald Ending Inventory,