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The following is a record of Solish Company's transactions for Boston Teapots for the month of May 2020 May 1 Balance 496 units 12 Purchase

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The following is a record of Solish Company's transactions for Boston Teapots for the month of May 2020 May 1 Balance 496 units 12 Purchase 744 units 28 Purchase 496 units @ $21.00 May 10 Sale 372 units $27.00 20 Sale 670 units $30.00 $37.00 $37.00 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 694 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO Ending Inventory Assuming that perpetual records are maintained and they te into the general ledges ca t hering vertory ung (1) FIFO and (2) LIFO. Ending Inventory Click if you would like to show Work for this question O n Show Work

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