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During June, the following changes in inventory item 27 took place: 1 Balance 1,470units @ $36 14 Purchased 820units @ $52 24 Purchased 660units @

During June, the following changes in inventory item 27 took place:

1 Balance 1,470units @ $36

14 Purchased 820units @ $52

24 Purchased 660units @ $45

8 Sold 340units @ $70

10 Sold 1,130units @ $61

29 Sold 450units @ $68

What is the cost of the ending inventory for item 27 under the FIFO method?

What is the cost of the ending inventory for item 27 under the LIFO method?

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