Question 17 x Your answer is incorrect. Try again. Sheridan Co. uses a periodic inventory system. Its records show the following for the month of May, in which 73 units were sold. Units Unit Cost Total Cost May Inventory 15 Purchases 24 Purchases Totals 30 29 36 95 $8 11 12 $240 3 19 432 $991 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO Ending inventory at May 31 727 815 Cost of goods sold 176 LINK TO TEXT VIDEO: SIMILAR EXERCISE