Exercise 6-06 (Video) Bramble Co. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sold. Units Unit Cost Total Cost May 1 Inventory 37 $9 $333 15 Purchases 28 12 336 24 Purchases 37 13 481 Totals 102 - $1.150 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO Ending inventory at May 31 Cost of goods sold Click if you would like to show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR EXERCISE CALCULATOR PRINTE Do It! Exercise 6-01 Sheffield Company just took its physical inventory. The count of inventory items on hand at the company's business locations resulted in a total inventory cost of $330,000. In reviewing the details of the count and related inventory transactions, you have discovered the following. 1. Sheffield has sent inventory costing $23,000 on consignment to Alissa Company. All of this inventory was at Alissa's showrooms on December 31. 2. The company did not include in the count inventory (cost, $20,000) that was sold on December 28, terms FOB shipping point. The goods were in transit on December 31. 3. The company did not include in the count inventory (cost, $14,000) that was purchased with terms of FOB shipping point. The goods were in transit on December 31. Compute the correct December 31 inventory. Correct December 31 inventory Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: Unlimited SAVE FO