The following is a record of Pervis Ellison Company's transactions for Boston Teapots for the month of May 2017. 400 units$20 600 units $25 400 units $30 May 1 Balance May 10 Sale 20 Sale 300units @ $38 540 units $38 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 e Textbook and Media (2) LIFO