Sagar Carla Vista Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 94 units were sold.DateMay 11524Explanation Units Unit CostInventoryPurchasesPurchasesTotalsEnding inventory at May 3144Cost of goods sold3651131$111415Total CostFIFO$484504765Calculate the ending inventory at May 31 and cost of goods sold using the FIFO, LIFO, and average-cost methods. (Round per unit costto 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.)$1,753$$hLIFOLAAverage-cost

Name: Sagar Carla Vista Inc. uses a periodic inventory system. Its records s
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Description: Sagar Carla Vista Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 94 units were sold.DateMay 11524Explanation Units Unit CostInventoryPurchasesPurchasesTotalsEnding inventory at May 3144Cost of goo

Under the FIFO method, the oldest products in inventory are sold first.Under the LIFO method, the…

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Carla Vista Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 94 units were sold. Date May 1 15 24 Explanation Units Unit Cost Inventory $11 Purchases Purchases Totals Ending inventory at May 31 44 Cost of goods sold 36 51 131 $ 14 $ 15 Total Cost Calculate 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 O decimal places, e.g. 5,125.) FIFO $484 504 765 $1,753 $ $ LIFO $ $ Average-cost