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In its first month of operations. Whispering Winds Corp. made three purchases of merchandise in the following sequence: (1) 245 units at $7.(2) 490 units

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In its first month of operations. Whispering Winds Corp. made three purchases of merchandise in the following sequence: (1) 245 units at $7.(2) 490 units at 58, and (3) 445 units at 59 Assuming there are 190 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Whispering Winds uses a periodic inventory system. FIFO (a) Cost of the ending inventory $ LIFO (b) Cost of the ending inventory $

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