View Policies Current Attempt in Progress Ivanhoe Company uses the perpetual inventory system and the LIFO method. The following information is available for the month of May: May 1 Beginning inventory 28 units @ $8 10 Purchase 28 units @ $9 15 Sales 20 units 18 Purchase 18 units @ $11 21 Sales 26 units 30 Purchase 18 units @ $12 Prepare a schedule to show cost of goods sold and the value of the ending inventory for the month of May. Cost of goods sold: units May 15 Sale $ X units May 21 Sale $ I units $ units Ending inventory: Prepare a schedule to show cost of goods sold and the value of the ending inventory for the month of May. Cost of goods sold: May 15 Sale units X $ May Sale units X $ 21 units X $ units Ending inventory: May 1 units X $ $ units May 30 $ units $ e Textbook and Media Save for Later Attempts:0 of 3 used Submit