During June, the following changes in inventory item 27 took place: June 1 Balance 1,430 units @ $34 14 Purchased 850 units @ $56 24 Purchased 660 units @ $44 8 Sold 320 units @ $70 10 Sold 1,110 units @ $64 29 Sold 450 units @ $65 Perpetual inventories are maintained. (a) Your answer is correct. What is the cost of the ending inventory for item 27 under the FIFO method? Cost of the ending inventory 51440 (b) eTextbook and Media What is the cost of the ending inventory for item 27 under the LIFO method? Cost of the ending inventory Attempts: 1 of 1 used