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During June, the following changes in inventory item 27 took place: June 1 Balance 1,380 units @ $38 14 Purchased 830 units @ $55 24

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

June 1 Balance 1,380 units @ $38
14 Purchased 830 units @ $55
24 Purchased 600 units @ $44
8 Sold 370 units @ $70
10 Sold 1,010 units @ $64
29 Sold 460 units @ $68

Perpetual inventories are maintained.What is the cost of the ending inventory for item 27 under the FIFO method?

Cost of the ending inventory $

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

Cost of the ending inventory $

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