Catlet Co. Uses a periodic inventory system. Its records show the following for the month of May in which 65 units were sold.

Date Explanation Units Unit Cost Total Cost
May 1 Inventory 30 $12.03 $360.90
May 15 Purchases 25 15.03 375.75
May 24 Purchases 35 16.03 561.05

Totals 90 $1,297.70

Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. (Round answers to 2 decimal places, e.g. 10.50.)

FIFO LIFO
Ending Inventory $ $
Cost of goods sold $ $