In its first month of operations, Cheyenne Corp. made three purchases of merchandise in the following sequence: (1) 385 units at $ 5, (2) 570 units at $ 6, and (3) 430 units at $ 7. Assuming there are 325 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Cheyenne uses a periodic inventory system.

				FIFO
(a)		Cost of the ending inventory		$ enter the cost of inventory as per FIFO in dollars

				LIFO
(b)		Cost of the ending inventory		$ enter the cost of inventory as per LIFO in dollars