Current Attempt in Progress The following is a record of Metlock Company's transactions for Boston Teapots for the month of May 2025. May 1 12 Balance Purchase 440 units @ $19.00 May 10 Sale 330 units @ $41.00 660 units @ $25.00 20 Sale 594 units @ $41.00 28 Purchase 440 units $28.00 (a) *Your answer is incorrect. Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 616 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? Ending inventory $ (1) FIFO 16645 (2) LIFO