Reference no: EM132992552

Pharoah Company uses a periodic inventory system. Its records show the following for the month of May, in which 146 units were sold.

Date            Explanation          Units             Unit Cost                 Total Cost
May 1              Inventory          68              $ 10                      $ 680
15                     Purchases          56                13                       728
24                    Purchases              79                14                     1,106
Totals                                            203                                      $ 2,514

Problem 1: Compute the ending inventory at May 31 and cost of goods sold using the FIFO, LIFO, and average-cost methods. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.)