In its first month of operations, Nash's Trading Post, LLC made three purchases of merchandise in the following sequence: (1) 360 units at $5. (2) 460 units at $7, and (3) 560 units at $8. Assuming there are 260 units on hand at the end of the period, compute the cost of the ending inventory under (a) the FIFO method and (b) the LIFO method. Nash's Trading Post, LLC uses a periodic inventory system. FIFO LIFO The Ending Inventory $ $ 1,300