In its first month of operations, Bramble Company made three purchases of merchandise in the following sequence: (1) 330 units at $6, (2) 430 units at $7, and (3) 210 units at $8. Assuming there are 380 units on hand, compute the cost of the ending inventory under (a) FIFO method and (b) LIFO method. Bramble uses a periodic inventory system.

In its first month of operations, Bramble Company made three purchases of merchandise in the following sequence: (1) 330 units at \$6, (2) 430 units at $7, and (3) 210 units at $8. Assuming there are 380 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Bramble uses a periodic inventory system. eTextbook and Media Attempts: 1 of 5 used