Exercise 6-16 a-c Concord Appliance uses a perpetual inventory system. Fo its flat-screen television sets, the January 1 inventory was 3 sets at $420 each. On January 10, Concord purchased 6 units at $560 each. The company sold 2 units on January 8 and 5 units on January 15. Your answer is correct. Compute the ending inventory under FIFO. (Round answer to o decimal places, e.g. 1,250.) FIFO The ending inventory 1120 LINK TO TEXT Your answer is correct. Compute the ending inventory under LIFO. (Round answer to 0 decimal places, e.g. 1,250.) LIFO The ending inventory 980 Your answer is incorrect. Try again. Compute the ending inventory under moving-average cost. (Round average-cost per unit to 2 decimal places, e.g. 12.50 and final answer to 0 decimal places, e.g. 1,250.) MOVING-AVERAGE COST The ending inventory