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Windsor, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 88 units were sold. Date May
Windsor, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 88 units were sold. Date May 1 15 24 Explanation Inventory Purchases Purchases Totals Units Unit Cost 41 Cost of goods sold 34 47 122 Ending inventory at May 31 $ +A $14 $ 17 18 Total Cost Compute the ending inventory at May 31 and cost of goods sold using the FIFO, LIFO, and average-cost methods. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to O decimal places, e.g. 5,125.) FIFO $574 578 846 $1,998 tA +A LIFO to $ Average-cost
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