ABC Co had an inventory of 1,875 hammers valued at $5.00 each to begin the month ABC sold 1,000 hammers on the 15th of the month and purchased 3 500 hammers on the last day of the month at $5 80 each Required (1) 11 ABC uses the perpetual inventory system, what is ABC's inventory on a LIFO basis as of the end of this month? (2) If ABC uses the periodic inventory system, what is ABC's inventory on a LIFO basis as of the end of this month