Exercise 8-14 The following is a record of Pearl Company's transactions for Boston Teapots for the month of May 2017. $19 May 10 Sale 336 units@ $38 May 1 Balance 448 units 12 Purchase 672 units $25 20 Sale 605 units @$38 28 Purchase 448 units $29 Assuming that perpetual inventories are not maintained and that a physical count at the end f the month shows 627 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? FIFO LIFO Ending Inventory LINK TO TEXT Assuming that perpetual records are maintained and they tie into the general ledger, calculate the ending inventory using (1) FIFO and (2) LIFO. (1) FIFO (2) LIFO Ending Inventory