In its first month of operations, Bonita Company made three purchases of merchandise in the following sequence: (1) 330 units at $6, (2) 490 units at $7, and (3) 210 units at $8 Assuming there are 400 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Bonita uses a periodic inventory system FIFO LIFO Cost of the ending inventory $