Concord Co. uses a periodic inventory system. Its records show the following for the month of May, in which 67 units were sold. Units
Unit Cost
Total Cost
May 1
Inventory
33
$6
$198
15
Purchases
24
9
216
24
Purchases
32
10
320
Totals
89
$734
Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods.
35°F
A a
11:14 PI
2/12/20
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