Wildhorse Co. uses a periodic inventory system. Its records show the following for the month of May, in which 108 units were sold. May 1 15 24 Inventory Purchases Purchases Totals Ending inventory Cost of goods sold $ Units $ 46 41 51 138 Unit Cost FIFO $8 12 13 Total Cost Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. $368 $ 492 $1,523 $ 663 LIFO

Wildhorse C0. uses a periodic inventory system Its records show the following for the month of May, in which 108 anits were sold. Compute the ending inventory at May 31 and cost of goods sold using the FiFO and LFO methodh