During June, the following changes in inventory item 27 took place: June 1 Balance 14 Purchased 24 Purchased 8 Sold 10 Sold 29 Sold 1,450 units @ $35 850 units @ $55 670 units @ $46 350 units @ $73 1,100 units @ $63 490 units @ $67 Perpetual inventories are maintained. Your answer is correct. What is the cost of the ending inventory for item 27 under the FIFO method? Cost of the ending inventory $ 50,620 e Textbook and Media X Your answer is incorrect. What is the cost of the ending inventory for item 27 under the LIFO method? Cost of the ending inventory $ 38,030