In its first month of operations, Blossom Company made three purchases of merchandise in the following sequence: (1)260units at $5, (2)360units at $7, and (3)460units at $8. Assuming there are160units on hand at the end of the period, compute the cost of the ending inventory under (a) the FIFO method and (b) the LIFO method. Blossom Company uses a periodic inventory system.

What is The Ending Inventory for FIFO AND LIFO