In its first month of operations, Sunland Company made three purchases of merchandise in the following sequence: (1) 282 units at $6, (2) 376 units at $8, and (3) 470 units at $9. Assuming there are 188 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. Sunland uses a periodic inventory system. FIFO LIFO tA $ Ending Inventory

In its first month of operations, Sunland Company made three purchases of merchandise in the following sequence: (1) 282 units at \$6. (2) 376 units at $8, and (3) 470 units at $9. Assuming there are 188 units on hand at the end of the period, compute the cost of the ending irventory under (a) the FIFO method and (b) the LIFO method. Sunland uses a periodic inventory system