Brief Exercise 6-2 In its first month of operations, Concord Corporation made three purchases of merchandise in the following sequence: (1) 250 units at s6, (2) 350 unlts at $8, and (3) 150 units at $9. Assuming there are 150 unlts on hand at the end of the period, compute the cost of the ending inventory under (a) the FIFO method and (b) the LIFO method. Concord Corporation usesperiodic inventory system. LIrO The Ending Inventorys LIST OF ACCOUNTS SHOW SOLUTION