The following is a record of Pervis Ellison Companys transactions for Boston Teapots for the month of May 2014. May 1 Balance 580 units @ $21 May 10 Sale 435 units @ $36 12 Purchase 869 units @ $24 20 Sale 782 units @ $36 28 Purchase 580 units @ $29 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 812 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? (1) FIFO (2) LIFO Ending Inventory $ $ 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 $ $