VanderMeer Inc. reported the following information for the month of May: May 1 Inventory 70 units @ $20 May 7 Purchase 52 units @ $22 May 18 Purchase 65 units @ $23 May 27 Purchase 38 units @ $25 During May, VanderMeer sold 148 units. The company uses a periodic inventory system. Required: What is the value of ending inventory and cost of goods sold for May under the following assumptions. Assumption 1. Of the 148 units sold, 59 cost $20, 36 cost $22, 49 cost $23, and 4 cost $25. 2. FIFO 3. LIFO 4. Weighted average method (Round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar.) Cost of Goods Sold Ending Inventory $ $ $ $ $ $