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In its first month of operations, Danielle Company made three purchases of merchandise in the following sequence: (1) 145 units at $18, (2) 419

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In its first month of operations, Danielle Company made three purchases of merchandise in the following sequence: (1) 145 units at $18, (2) 419 units at $19, and (3) 143 units at $20. Assuming there are 349 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Danielle uses a periodic inventory system. FIFO The cost of the ending inventory LIFO

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