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The following inventory purchases are made for the Grille: Date Units Price May 1 30 $6.00 35 May 8 May 15 Mat 31 6.50 6.75

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The following inventory purchases are made for the Grille: Date Units Price May 1 30 $6.00 35 May 8 May 15 Mat 31 6.50 6.75 6.85 1. 2. If ending inventory is forty unites, calculate its value using FIFO If ending inventory is forty unites, calculate its value using LIFO

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