CALERA MESSAGE MY STRUCTOR BULLS Exercise 8-14 The following is a record of Vaughn Company's transactions for Boston Teapots for the month of May 2020, May 1 Balance 460 units $20.00 May 10 Sale 345 units @ $35.00 12 Purchase 690 units @ $24.00 20 Sale 621 units $35.00 28 Purchase 460 units $30.00 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 644 units on hand, what is the cost of the ending (1) (2) FIFO LIFO Ending Inventory Assuming that perpetual records are maintained and they tle into the general ledger, calculate the ending Inventory using (1) FIFO and (2) LIFO. (1) FIFO (2) LIFO Ending Inventory