View Policies Current Attempt in Progress The following is a record of Whispering Company's transactions for Boston Teapots for the month of May 2020 May 1 Balance 444 units @ $18.00 May 10 Sale 333 units a $35.00 12 Purchase 666 units $26.00 20 Sale 599 units $35.00 28 Purchase 444 units @ $32.00 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 622 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO? (1) FIFO (2) LIFO Ending Inventory 5 Assuming that perpetual records are maintained and they tle into the general ledger, calculate the ending Inventory using (1) FIFO and (2) LIFO (1) FIFO (2) LIFO Ending Inventory S eTextbook and Media Save for Later Attempts: 0 of 3 used Submit