The following is a record of Pervis Ellison Companys transactions for Boston Teapots for the month of May 2014. May 1 Balance 596 units @ $20 May 10 Sale 447 units @ $35 12 Purchase 895 units @ $24 20 Sale 805 units @ $35 28 Purchase 596 units @ $30 Partially correct answer. Your answer is partially correct. Try again. Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 835 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? (1) FIFO (2) LIFO Ending Inventory $Entry field with correct answer $Entry field with incorrect answer now contains modified data LINK TO TEXT LINK TO TEXT Partially correct answer. Your answer is partially correct. Try again. 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 $Entry field with correct answer $Entry field with incorrect answer now contains modified data Click if you would like to Show Work for this question: Open Show Work