CALCULATOR PRINTER VERSION BA Exercise 8-14 (Part Level Submission) The following is a record of Concord Company's transactions for Boston Teapots for the month of May 2020 May 1 Balance 420 units $22.00 May 10 Sale 315 units $35.00 12 Purchase 630 units $27.00 20 Sale 567 units @ $35.00 20 Purchase 420 units @ $31.00 (0) Your answer is incorrect. Try again Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 588 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? (1) (2) Ending Inventory Click if you would like to Show Work for this question: Open Show Work Attempts: 2 of 15 used SAVE FOR LATER Exercise 8-23 The following information relates to the Daniel Jackson Company. Ending Inventory Price Date (End-of-Year Prices) Index December 31, 2016 $ 65,700 100 December 31, 2017 108,824 122 December 31, 2018 117,585 December 31, 2019 131,216 139 December 31, 2020 123,105 145 135 Use the dollar value LIFO method to compute the ending inventory for Jackson Company for 2016 through 2020. Ending Inventory 2016 2017 2018 2019 2020 Click if you would like to Show Work for this question: Open Show Work