The following is a record of Blue Company's transactions for Boston Teapots for the month of May 2020. May 1 Balance 488 units @ $22.00 May 10 Sale 366 units $39.00 12 Purchase 732 units @$23.00 20 Sale: 659 units $39.00 28 Purchase 488 units @ $32.00 (a) Your answer is correct. Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 683 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? (1) FIFO (2) LIFO Ending Inventory $ 20101 $ 15221 eTextbook and Media Attempts: unlimited