Additional Exercise 195 Ford Co. uses a periodic inventory system. Its records show the following for the month of May, in which 75 units were sold. May 1 Inventory 15 Purchases 24 Purchases Totals Units 35 30 40 Unit Cost $8 12 13 Total Cost $280 360 520 105 $1,160 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO Ending inventory 5 Cost of goods sold $ Click if you would like to Show Work for this question: Open Show Work