The following is a record of Metlock Company's transactions for Boston Teapots for the month of May $2025.$

May $1$

Balance $440$ units

@ $$19\mathrm{.}00$

May $10$

Sale

$330$ units

@ $$41\mathrm{.}00$

$12$ Purchase $660$ units

@ $$25\mathrm{.}00$

$20$

Sale

$594$ units

@ $$41\mathrm{.}00$

$28$

Purchase

$440$ units

@ $$28\mathrm{.}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 $616$ units on hand, what is the cost of the ending inventory using $(1)$ FIFO and $(2)$ LIFO?

$(1)$

$(2)$

FIFO

LIFO

Ending inventory

$

$

Attempts: $6$ of $12$ ust

$($b$)$

eTextbook and Media

Your answer is partially correct.

Assuming that perpetual records are maintained and they tie into the general ledger, calculate the ending inventory using $(1)$ FIFC and $(2)$ LIFO.

$\backslash$table$[[10,\backslash$table$[[(1)],[$FIFO$]],\backslash$table$[[(2)],[$LIFO$]]],[$entory$,,]]$