In its first month of operations, Kingbird, Inc. made three purchases of merchandise in the following sequence: (1) 195 units at $9, (2) 590 units at $10, and (3) 140 units at $11. Assuming there are 280 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Kingbird uses a periodic inventory system.