The following is a record of Novak Company's transactions for Boston Teapots for the month of May 2025. May 1 Balance 500 units $19.00 May 10 Sale 375 units @ $41.00 12 Purchase 750 units @$26.00 20 Sale 675 units $41.00 28 Purchase 500 units $28.00 (a) Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 700 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? (1) FIFO Ending inventory $ (2) LIFO