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 400 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Coronado uses a periodic inventory system. FIFO LIFO Cost of the ending inventory eTextbook and Media A