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In its first month of operations, Bramble Corp. made three purchases of merchandise in the following sequence: (1) 160 units at $9, (2) 520 units

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In its first month of operations, Bramble Corp. made three purchases of merchandise in the following sequence: (1) 160 units at $9, (2) 520 units at $10, and (3) 105 units at $11. Assuming there are 370 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. FIFO (a) Cost of the ending inventory LIFO (b) Cost of the ending inventory

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