The following data regarding purchases and sales of a commodity were taken from the related perpetual inventory account: 
Calculate the cost of the ending inventory at June 30, using (a) the first-in, first-out (FIFO) method and (b) the last-in, first-out (LIFO) method. Identify the quantity, unit price, and total cost of each lot in the inventory.
Definitions:
Whaling
The practice or industry of hunting whales for their usable products like meat, oil, and blubber.
Lucrative Business
A highly profitable enterprise, activity, or venture that generates a significant amount of revenue relative to its costs.
Raw Materials
Basic materials that are used in the production of goods, finished products or intermediate materials that are feedstock for future finished products.
Human Sexual Response
A series of physiological and psychological states that describe the human body's reaction to sexual stimulation.
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