In its first month of operations, Pina Colada Corp. made three purchases of merchandise in the following sequence: (1) 365 units at $6 (2) 530 units at $7, and (3) 410 units at $8. Assuming there are 285 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Pina Colada uses a periodic inventory system. FIFO Cost of the ending inventory LIFO (b) Cost of the ending inventory