Brief Exercise 6-3 In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1) 120 units at $6, (2) 470 units at $7, and (3) 140 units at $8. Assuming there are 330 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Weatherall uses a periodic inventory system.

Cost of the ending inventory FIFO $ LIFO $