Exercise 8-14 The following is a record of Skysong Company's transactions for Boston Teapots for the month of May 2020. May 1 Balance 424 units @ $20.00 May 10 Sale 318 units @ $35.00 12 Purchase 636 units @ $27.00 20 Sale 572 units @ $35.00 28 Purchase 424 units @ $33.00 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 594 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? (1) (2) LIFO FIFO 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 s Click if you would like to Show Work for this question: Open Show Work