Westward Co. had the following transactions pertaining to purchases and sales of inventory May 1 Beginning Inventory 380 units at $15 each May 5 Purchased 270 units at $17 each May 10 Sold 400 units at $50 each Prepare calculations showing the amounts that should be assigned to: A. May 10th Ending Inventory B. May 10th Cost of Goods Sold Use the FIFO method. The following table may help you with your calculations. (8 points) Purchases Sales Inventory Balance May 1st Inventory Balance: 380 @ $15 - $5,700 May 5th Inventory Balance: 380 @$ -$ 270 @$ -$ May 5th Purchase: 270 @$__$_ Total $ Use the FIFO method. The following table may help you with your calculations. (8 points) Purchases Sales Inventory Balance May 1st Inventory Balance: 380 @$15 - $5,700 May 5th Inventory Balance: 380 @ $__$__ 270 @ $ May 5th Purchase: 270 @ $_ =$ Total $ May 10th Cost of Goods Sold May 10th Inventory Balance: 250 @ $ - $ 400 @