Vaughn Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 1,140 @ $5.50 April 3 950 @ $10.00 4 2,850 5.60 9 2,660 @ 10.00 8 1,520 @ 5.90 11 1,140 @ 11.00 13 2,280 @ 6.00 23 2,280 @ 11.00 22 21 1,330 (@ 6.10 27 1,710 @ 12.00 29 950 @ 6.30 8,740 10,070 (b) Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2) LIFO. (1) FIFO (2) LIFO Inventory +A GA