Exercise 8-14 (Part Level Submission) The following is a record of Riverbed Company's transactions for Boston Teapots for the month of May 2017. May 1 Balance Sale 312 units @ $41 562 units @ $41 12 416 units @ $22 May 10 624 units @ $23 20 416 units @ $32 Purchase Sale 28 Purchase (a) Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 582 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? (1) FIFO (2) LIFO Ending Inventory