Question: need ans for part 2 Exercise 8-14 (Part Level Submission) The following is a record of Cheyenne Company's transactions for Boston Teapots for the month

Exercise 8-14 (Part Level Submission) The following is a record of Cheyenne Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 480 units $19 May 10 Sale 360 units @ $38 12 Purchase 720 units @ $25 20 Sale 648 units @ $38 28 Purchase 480 units $31 (a) Your answer has been saved and sent for grading. See Gradebook for score details. Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 672 units on hand, what is the cost of the end FIFO and (2) LIFO? (2) FIFO LIFO Ending Inventory 19680 13920 (1) Show Work Is REQUIRED for this question: Open Show Work Attempts: 1 of 1 used (b) Assuming that perpetual records are maintained and they tie into the general ledger, calculate the ending inventory using (1) FIFO and (2) LIFO. (1) (2) FIFO LIFO Earding Inventar (b) Assuming that perpetual records are maintained and they tle into the general ledger, calculate the ending inventory using (1) FIFO and (2) LIFO. (1) (2) FIFO Ending Inventory LIFO Show Work Is REQUIRED for this question: Open Show Work Attempts: 0 of 1 used SAVE FOR LATER
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