Note: Please put your answers only in the section below the Bold Red sentence at the end of the Required section below. Chicken Company uses a perpetual LIFO system. The following are events that pertain to the Company during the month of May: 5/1 Beginning Inventory 40 units @ $6.20 each 5/2 Purchased 60 units @ $6.30 each 5/7 Purchased 30 units @ $6.70 each 5/14 Sold 100 units @ $9.60 each 5/19 Purchased 70 units @$7.00 each 5/28 Sold 90 units @ $9.20 each Required: Determine the cost of goods sold and ending inventory for the month of May. Your answers to this open-ended assignment should be placed in the space below this line. Inventory Acquisitions Date Units Price 5/1 5/2 5/7 5/14 5/19 5/28 Totals Cost of Goods Sold Total Units Price Total Inventory On Hand Units Price Total 40 6.20 248.00