The following is a record of Carla Company's transactions for the month of May 2017. Compute the ending inventory under the perpetual system using FIFO and LIFO. I can't figure out the answer for LIFO. Please help.

- 1 - Your answer is partially correct. 1 1 The following is a record of Carla Company's transactions for the month of May 2017. May 1 Balance 420 units @ $ 19 May 10 Sale 310 units @ $ 41 12 Purchase 660 units @ $ 24 20 Sale 610 units @ $ 41 Compute the ending inventory under the perpetual system using FIFO and LIFO. FIFO LIFO $ 3840 $ 3040 Ending inventory