attempt 1883124&page 20 # College Students' E Course: ACC111.D E Menu QU ION 21 Answer sa Points out of 20.00 P Flag question Inventory Costing Methods-Periodic Method Merritt Company uses the periodic inventory system. The following May data are for an item in Merritt's inventory May 1 Beginning inventory 150 units e $30 per unit 12 Purchased 16 Sold 24 Purchased 100 units e $35 per unit 180 units. 170 units @ $38 per unit Calculate the cost of goods sold for May and ending inventory at May 31 using (a) firstin, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Do not round until your final answers. Round your final answers to the nearest dollar. First-in, First-out Ending Inventory