$44 O $50 QUESTION 5 For all your answers below, do not include any dollar signs or commas During June, the following changes in inventory took place: June 1 Balance Sold 18 10 1.400 units @ $36 200 units @ $75 1.000 units @ $60 1800 units @ $54 700 units @ $45 500 units @ $66 Sold Purchased Purchased Sold 14 24 29 Scenario #1: The company uses the LIFO method of inventory costing. What is the cost of the ending inventory (in dollars) if the company maintains their inventories under a perpetual system? $ Scenario #2: The company uses the LIFO method of inventyry costing. What is the cost of the ending inventory if the company maintains their inventories under a periodic system? $ What is the gross profit for the month in this scenario, if the company maintains their inventories under a periodic system