ABC Trading Company had the following transactions for the month of May. The company uses PERIODIC INVENTORY SYSTEM. 10 Date Transaction 1-May Beginning Inventory 3-May Purchase 15-May Purchase TOTAL Units Cost per Unit (OMR) Total (OMR) 6.00 60.00 15 6.50 97.50 25 7.00 175.00 50 332.50 The company sold 35 units Required: Compute the cost of goods sold using AVERAGE METHOD periodic OMR 232.75 OMR 240.00 OMR 105.00 OMR 227.50