Assume that Johnson Tires completed the following perpetual inventory transactions for a line of tires for the month ended May, 2020:

Date	Transaction	Units	Unit cost/Sale price
May 1	Beginning inventory	24	61
May 11	Purchase	6	76
May 23	Sale	16	89
May 26	Purchase	14	86
May 29	Sale	17	89

i) Calculate gross profit of this line of tires for the month of May, 2020 if Johnson Tires uses last in - first out inventory costing method.

ii) Calculate ending inventory cost at the end of May for this line of tires assuming last in - first out.