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In its first month of operations, Ivanhoe Company made three purchases of merchandise in the following sequence: (1) 320 units at NT$174, (2) 407 units

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In its first month of operations, Ivanhoe Company made three purchases of merchandise in the following sequence: (1) 320 units at NT$174, (2) 407 units at NT$193, and (3) 192 units at NT$206. Ivanhoe uses a periodic inventory system. Assuming there are 460 units on hand, compute the cost of the ending inventory under the FIFO method. The cost of the ending inventory NTS Assuming there are 460 units on hand, compute the cost of the ending inventory under the average- cost method. (Round average cost and final answer to 2 decimal places, e.g. 1.25.) The cost of the ending inventory NT$

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