Compute ending inventory using FIFO and LIFO BE6.3 (LO 2), AP In its first month of operations, Weatherall Company made three purchases of mer chandise in the following sequence: (1) 300 units at $6, (2) 400 units at $7, and (3) 200 units at $8. Assum- ing there are 380 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Weatherall uses a periodic inventory system. of mer