In its first month of operations, Bethke Company made three purchases of merchandise in the following sequence: (1) 125 units at $7, (2) 450 units at $8, and (3) 125 units at $9 Assuming there are 300 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Bethke uses a periodic inventory system. FIFO LIFO Cost of the ending inventory