he following is a record of Vaughn Companys 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

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		$		$