Mawmey Inc. uses a periodic inventory system. Its records show the following for the month of May,..

Mawmey Inc. uses a periodic inventory system. Its records show the following for the month of May, with 15 units on hand at May 31: Determine the cost of the ending inventory and cost of goods sold using (a) FIFO and (b) Average cost. (For average, use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.)

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