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Exercise 6-06 (Video) Concord Co. uses a periodic inventory system. Its records show the following for the month of May, in which 67 units were sold. Units Unit Cost Total Cost May 1 Inventory 33 $6 $198 15 Purchases 24 9 216 24 Purchases 32 10 320 Totals 89 $734 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