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In its first month of operations, Marigold Company made three purchases of merchandise in the following sequence: (1) 205 units at $ 5.(2) 290 units

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In its first month of operations, Marigold Company made three purchases of merchandise in the following sequence: (1) 205 units at $ 5.(2) 290 units at $ 6, and (3) 390 units at $ 9. Assuming there are 240 units on hand. Compute the cost of the ending inventory under the FIFO method and the LIFO method. Marigold uses a periodic inventory system FIFO $ LIFO $

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