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Part B:

The following is a record of Blossom Company's transactions for Boston Teapots for the month of May 2020. May 1 Balance 492 units @ May 10 369 units @ Sale Sale $39.00 $39.00 12 Purchase $21.00 $26.00 $30.00 @ 20 664 units 738 units 492 units @ 28 Purchase Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 689 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? (1) FIFO (2) LIFO Ending Inventory $ $ $ Assuming that perpetual records are maintained and they tle into the general ledger, calculate the ending Inventory using (1) FIFO and (2) LIFO. (2) FIFO Ending Inventory LIFO $ Click if you would like to Show Work for this question: Open Show Work