flint inc uses a perpetual inventory sys

Current Attempt in Progress Flint Inc. uses a perpetual inventory system. Its records show the following for the month of May. Unit Date Explanation Units Cost May 1 Inventory 29 $11 May 15 Purchase 25 12 May 18 Sale (49) May 24 Purchase 43 13 Total 48 Total Cost $319 300 559 $1,178 (a) Calculate the cost of goods sold for May and the ending inventory at May 31 using the FIFO formula. Cost of goods sold $ (a) Calculate the cost of goods sold for May and the ending inventory at May 31 using the FIFO formula. Cost of goods sold $ Ending Inventory $