The beginning inventory and purchases for Corn Company for May 20Y6 are as follows: Date Description Units Cost per Unit 5/1/2016 5/6/20Y6. 5/17/2046 5/21/20Y6 Inventory Purchase Purchase Purchase 2,000 4,000 3,000 6,000 $50 $53 $54 $56 I A physical inventory count was performed on May 31st showing 5,000 units on hand. Corn Company uses a periodic inventory system. Required: Compute the ending inventory cost AND cost of merchandise sold using the: a. Last-In, First-Out (LIFO) method b. Weighted average cost method