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In its first month of operations, Sarasota Company made three purchases of merchandise in the following sequence: (1) 200 units at $ 6,(2) 295 units

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In its first month of operations, Sarasota Company made three purchases of merchandise in the following sequence: (1) 200 units at $ 6,(2) 295 units at $5, and (3) 390 units at $ 9. Assuming there are 230 units on hand, Compute the cost of the ending inventory under the FIFO method and the LIFO method. Sarasota uses a periodic inventory system FIFO $ LIFO $

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