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The following is a record of Splish Company's transactions for Boston Teapots for the month of May 2020. 496 units @ $21.00 May 10 Sale
The following is a record of Splish Company's transactions for Boston Teapots for the month of May 2020. 496 units @ $21.00 May 10 Sale 372 units @ $37.00 May 1 Balance 12 Purchase 744 units @ $27.00 20 Sale 670 units @ $37.00 28 Purchase 496 units @ $30.00 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? (1) (2) 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 (1) (2) FIFO LIFO Ending Inventory $ $
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