Bonita Appliance uses a perpetual inventory system. For its flat$-$screen television sets, the January $1$ inventory was $3$ sets at $$740$ each. On January $10,$ Bonita purchased $6$ units at $$810$ each. The company sold $2$ units on January $8$ and $5$ units on January $15.$

$($a$)$

Your answer is correct.

Compute the ending inventory under FIFO.

$($b$)$

Compute the ending inventory under LIFO.

LIFO

The ending inventory

$