The following data regarding purchases and sales of a commodity were taken from the related perpetual inventory account: June 1 Balance 25 units at $60 6 Sale 20 units 8 Purchase 20 units at $61 16 10 units Sale Purchase 20 20 units at $62 23 25 units Sale Purchase 30 15 units at $63 Calculate the cost of the ending inventory at June 30, using (a) the first-in, first-out (FIFO) method and (b) the last-in, first-out (LJFC) method. Identify the quantity, unit price, and total cost of each lot in the inventory. a. First-In, First-Out (FIFO): June 20 units at June 30 units at Total b. Last-In, First-Out (CFO): June 8 units at June 20 units at June 30 units at Total