The following is a record of Novak Companys transactions for Colt Products for the month of May 2025.

May 1		Balance		750 units	@	$10	May 10		Sale		563 units	@	$21
12		Purchase		1,125 units	@	$13	20		Sale		1,013 units	@	$21
28		Purchase		750 units	@	$14

Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 1,049 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO?

		(1) FIFO		(2) LIFO
Ending inventory		$enter a dollar amount		$enter a dollar amount

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

		(1) FIFO		(2) LIFO
Ending inventory		$enter a dollar amount		$enter a dollar amount

The following is a record of Novak Campamy's transactions for Colt Products for the month of May 2025. Assuming that perpetuat inventories are not maintained and that a ptrysical count at the end of the month shows 1.049 units on hand, what is the Assuming that perpetual records sre maintained and thev tie into the seneral iedger, cakculate the ending inventory using (2) FiFO and (2) UFO