Exercise 8-14 The following is a record of Stellar Company's transactions for Boston Teapots for the month of May 2017. May 1 Balance 484 units @ $19 May 10 Sale 363 units @ $37 12 Purchase 726 units @ $27. 20 Sale 653 units @ $37 28 Purchase 484 units @ $30 x Your answer is incorrect. Try again. Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 678 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? (1) FIFO (2) LIFO Ending Inventory Ending Inventory 1 19750 1 4479 LINK TO TEXT Your answer is partially correct. Try again. 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 1 19750 18790 Click if you would like to Show Work for this question: Open Show Work