Xiong Co. uses a periodic inventory system. Its records show the following for the month of May, in which 81 units were sold.

Exercise 6-5 xio ng Co. uses a periodic inventory system. Its records show the following for the month of May, in which 81 units were sold Unit Units Cost Total Cost May 1 Inventory 38 15 Purchases 31 24 Purchases 44 Totals 113 $9 12 13 $342 372 572 1286 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO Ending inventory at May 31 s Cost of goods sold