The following is a record of Pervis Ellison Company's transactions for Boston Teapots for the month of May 2017 400 units 600 units@ 400 units @ $ 20 $25 $30 300 units 540 units $38 $38 May 1 Balance May 10 Sale 20 Sale 12 Purchase 28 Purchase Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 560 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? FIFO LIFO Ending Inventory eTextbook and Media Assuming that perpetual records are maintained and they tie into the general ledger, calculate the ending inventory using (1) FIFO and (2) LIFO FIFO LIFO Ending Inventory