In its first month of operations, Pharoah Company made three purchases of merchandise in the following sequence:

1. 165 units at $8

2. 430 units at $9

3. 110 units at $10

Assuming there are 330 units on hand, compute the cost of ending inventory under the FIFO AND LIFO metod.

a. Cost of the ending inventory (FIFO)

B. Cost of the ending inventory (LIFO)

Second question

1. 200 units at $6

2. 300 units at $7

3. 400 units at $9

Assuming 300 units on hand. compute ending inventory under FIFO AND LIFO