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In its first month of operations, Coronado Company made three purchases of merchandise in the following sequence: (1) 320 units at $8, (2) 480 units

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In its first month of operations, Coronado Company made three purchases of merchandise in the following sequence: (1) 320 units at $8, (2) 480 units at $9, and (3) 240 units at $10. Assuming there are 360 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Coronado uses a periodic inventory system. FIFO LIFO Cost of the ending inventory $ $

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