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In its first month of operations Sunland Company made three purchases of merchandise in the following sequence: (1) 355 units de $ 6. (2) 510

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In its first month of operations Sunland Company made three purchases of merchandise in the following sequence: (1) 355 units de $ 6. (2) 510 units at $ 7 and (3) 400 units at $8. Assuming there are 265 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) UFO method Sunland uses a periodic Inventory system. FIFO (a) Cost of the ending inventory LIFO b) Cost of the ending inwentory 5

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