The following is a record of Oriole Company's transactions for Colt Products for the month of May 2017. May 1 Balance 12 Purchase 720 units @ 1,080 units @ $13 $10 May 10 Sale 540 units @ $19 20 Sale 972 units @ $19 28 Purchase 720 units @ $16 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 1,008 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? (1) FIFO (2) LIFO Ending Inventory tA 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 Ending Inventory (2) LIFO