Problem
Blossom company uses a periodic inventory system. Its records show the following for the month of May in which 137 units were sold.
Date Explanation Units Unit Cost Total Cost
May 1 Inventory 63 $11 $693
May 15 Purchases 53 $14 $742
May 24 Purchases 74 $15 $ 1110
Totals 190 $2545
Compute the ending inventory at May 31 and cost of goods sold using the FIFO, LIFO and average cost methods.