In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1)110units at $8, (2)430units at $9, and (3)110units at $10.

Assuming there are350units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Weatherall uses a periodic inventory system.

FIFO

LIFO

Cost of the ending inventory$

$