2) The Company had the following Inventory transactions during the month of May 2023. Calculate the ending Inventory balance under the FIFO Method and Under the LIFO method. 1-May-06 Opening Inventory Balance 15,000 units ($3 each) 5-May-06 Purchased 5,000 units ($4 each) 7-May-06 Sold (3,000 units) 16-May-06 Purchased 21-May-06 Sold 29-May-06 Sold 31-May-07 Ending Balance 8,000 units ($5 each) (15,000 units) (7,000 units) 3,000