PRINTER VERSION BACK NEXT Exercise 8-14 (Part Level Submission) The following is a record of Riverbed Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 468 units $18 May 10 Sale 351 units $35 12 Purchase 702 units $27 20 Sale 632 units $35 28 Purchase 468 units $31 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 655 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? (2) LIFO (1) FIFO Ending Inventory $ 7864 $ 8366 Show Work is REQUIRED for this question Open blank Show Work Copy Show Work from Previous attempt Attempts: 1 of 1 used (b) Assuming that perpetual records are maintained and they te into the general ledger, calculate the ending inventory using (1) FIFO and (2) UFO. (1) (2) FIFO LIFO Ending Inventory Show Work is REQUIRED for this question: Open Show Work