Current Attempt in Progress The following is a record of Metlock Company's transactions for Boston Teapots for the month of May 2020. May 1 Balance 440 units @ $19.00 May 10 Sale 330 units @ $41.00 12 Purchase 660 units @ $25.00 20 Sale 594 units @ $41.00 28 Purchase 440 units @ $28.00 (a) 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? (1) FIFO Ending Inventory eTextbook and Media Save for Later (2) LIFO Attempts: 0 of 3 used Submit Answer 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 eTextbook and Media Save for Later (1) FIFO (2) LIFO Attempts: 0 of 3 used Submit Answer