The materials account of Herbert Industries reflected the following changes during May:
 

Balance, May 1180 units @ $30

Received, May 260 units @ $32

Issued, May 480 units

Received, May 27100 units @ $34

Issued, May 31150 units

Assuming that Herbert maintains perpetual inventory records, calculate the cost of the ending inventory at May 31 and the cost of the units issued in May using the LIFO method.

70. The materials account of the Herbert Company reflected the following changes during August:
 

Balance, August 118 units @ $200

Received, August 26 units @ $210

Issued, August 88 units

Received, August 1510 units @ $222

Issued, August 2715 units

Assuming that Herbert Company maintains perpetual inventory records, calculate the cost of the ending inventory at August 31 and the cost of the units issued in August using the moving average method.