Current Attempt in Progress In its first month of operations, Tamarisk, Inc. made three purchases of merchandise in the following sequence: (1) 370 units at $6, (2) 540 units at $7, and (3) 415 units at $8. Assuming there are 295 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Tamarisk uses a periodic inventory system. (a) (b) Cost of the ending inventory $ Cost of the ending inventory $ FIFO LIFO

In its first month of operations. Tamarisk, Inc, made three purchases of merchandise in the following sequence: (1) 370 units at 56 . (2)540 inits at 57 , and (3)415 units at 58 Assuming there are 295 units on hand, compute the cost of the ending imwentory under the (a) FHFO method and (B) LIFO method. Tamarisk uses a periodic inventory system