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		Sale	10 units
20		Purchase	20 units at $62
23		Sale	25 units
30		Purchase	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 (LIFO) method. Identify the quantity, unit price, and total cost of each lot in the inventory.

(a) First-In, First-Out (FIFO):

	units at	$	$
	units at	$
Total			$

(b) Last-In, First-Out (LIFO):

	units at	$	$
	units at	$
	units at	$
Total			$