In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: (1) 260 units at $7. (2) 360 units at $9, and (3) 460 units at $10. Assuming there are 160 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. Oriole uses a periodic inventory system. Ending inventory FIFO LIFO