In its first month of operations, Lily Company made three purchases of merchandise in the following sequence: (1) 300 units at $7, (2) 430 units at $8, and (3) 220 units at $9. Assuming there are 360 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Lily uses a periodic inventory system.

		FIFO		LIFO
Cost of the ending inventory		$		$