The following is a record of Cannondale Company's transactions for Boston Teapots for the month of May 2010.

(a) 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?
(b) Assuming that perpetual records are maintained and they tie into the general ledger, calculate the ending inventoryusing:

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May 1 12 28 Balance 400 units S29 May 10 Purchase 600 units S37 20 Purchase 400 units @ S44 Sale 300 units Sale 540 units S56 S56