In its first month of operations, Splish Brothers Inc. made three purchases of merchandise in the following sequence: (1) 230 units at $8, (2) 330 units at $10, and (3) 430 units at $11. Assuming there are 130 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. Splish Brothers Inc. uses a periodic inventory system.

		FIFO		LIFO
The Ending Inventory		$Enter a dollar amount		$Enter a dollar amount