Xiong Co. uses a periodic inventory system. Its records show the following for the month of May, in which 94 units were sold.

Units Unit Cost Total Cost

May 1 Inventory 41 $9 $369

15 Purchases 35 12 420

24 Purchases 48 13 624

Totals 124 $1413

Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO method

FIFO LIFO

Ending Inventory at May 31 $ $

Cost of goods sold. $ $