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Current Attempt in Progress The following is a record of Metlock Company's transactions for Boston Teapots for the month of May 2025. 28 May 1
Current Attempt in Progress The following is a record of Metlock Company's transactions for Boston Teapots for the month of May 2025. 28 May 1 Balance 12 Purchase Purchase 440 units @ $19.00 May 10 Sale 330 units @ $41.00 660 units @ $25.00 20 Sale 594 units @$41.00 440 units @ $28.00 Assuming that perpetual records are maintained and they tie into the general ledger, calculate the ending inventory using (1) FIFO and (2) LIFO. Ending inventory (1) FIFO SA $
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