During June, the following changes in inventory item 27 took place: June 1 Balance 14 Purchased 24 Purchased 8 Sold 10 Sold 29 Sold 1,400 units @ $36 800 units @ $54 700 units @ $45 400 units @ $75 1,000 units @ $60 500 units a $66 Perpetual inventories are maintained. Instructions What is the cost of the ending inventory for item 27 under the following methods? (Show calculations.) (a) FIFO. (b) LIFO. HTML Editor