During June, the following changes in inventory item 27 took place: June 1 Balance 1,310 units...

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During June, the following changes in inventory item 27 took place: June 1 Balance 1,310 units $38 14 Purchased 900 units $55 24 Purchased 610 units $44 8 Sold 390 units $75 10 Sold 920 units $62 29 Sold 510 units $68 Perpetual inventories are maintained. (a) Your answer is correct. What is the cost of the ending inventory for item 27 under the FIFO method? (b) Cost of the ending inventory $ eTextbook and Media * Your answer is incorrect. 48290 What is the cost of the ending inventory for item 27 under the LIFO method? Cost of the ending inventory $ 38600 During June, the following changes in inventory item 27 took place: June 1 Balance 1,310 units $38 14 Purchased 900 units $55 24 Purchased 610 units $44 8 Sold 390 units $75 10 Sold 920 units $62 29 Sold 510 units $68 Perpetual inventories are maintained. (a) Your answer is correct. What is the cost of the ending inventory for item 27 under the FIFO method? (b) Cost of the ending inventory $ eTextbook and Media * Your answer is incorrect. 48290 What is the cost of the ending inventory for item 27 under the LIFO method? Cost of the ending inventory $ 38600