The following is a record of Nash Company's transactions for Colt Products for the month of May 2025. May 1 (a) 12 28 Balance 612 units @ $10 May 10 918 units @ $13 Purchase 612 units @ $16 Purchase Your answer is incorrect. Ending inventory SA 20 (1) FIFO Sale Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 857 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? Sale 459 units @ $21 826 units @ $21 (2) LIFO

The following is a record of Nash Company's transactions for Colt Products for the month of May 2025. (a) Your answer is incorrect. Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 857 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO