Exercise 6-16 (Part Level Submission) Monty Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 4 sets at $655 each. On January 10, Monty purchased 6 units at $765 each. The company sold 3 units on January 8 and 4 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 229 LINK TO TEXT Attempts: 2 of 3 used (b) Your answer is incorrect. Try again. Compute the ending inventory under LIFO. (Round answer to O decimal places, e.g. 1,250.) LIFO The ending inventory 2620