Xiong Co. uses a periodic inventory system. Its records show the following for t

Xiong Co. uses a periodic inventory system. Its records show the following for the month of May, in which 102 units were sold. Units Unit Cost Total Cost May 1 Inventory 47 $11 $517 15 Purchases 39 14 546 24 Purchases 55 15 825 Totals 141 $1,888 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods.

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