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Target Co. uses a periodic inventory system. Its records show the following for the month of May, in which 94 units were sold. Units Unit

Target Co. uses a periodic inventory system. Its records show the following for the month of May, in which 94 units were sold. Units Unit Cost Total Cost May 1 Inventory 41 $9 $369 15 Purchases 35 12 420 24 Purchases 48 13 624 Totals 124 $1,413 Calculate the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. Ending inventory at May 31 FIFO: LIFO: Cost of goods sold FIFO: LIFO: Thanks!

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