In its first month of operations, Sandhill Company made three purchases of merchandise in the following sequence: (1) 294 units at $6, (2) 392 units at $8, and (3) 490 units at $9. Assuming there are 196 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. Sandhill uses a periodic inventory system. Ending Inventory FIFO $ LIFO $