In its first month of operations, Wildhorse Co. made three purchases of merchandise in the following sequence: (1) 180 units at $9, (2) 560 units at $10, and (3) 125 units at $11. Assuming there are 250 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Wildhorse uses a periodic inventory system.

Brief Exercise 6-3 Your answer is incorrect. Try again. In its first month of operations, Wildhorse Co. made three purchases of merchandise in the following sequence: (1) 180 units at $9, (2) 560 units at $10, and (3) 125 units at $11. Assuming there are 250 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Wildhorse uses a periodic inventory system. FIFO (a) Cost of the ending inventory LIFO (b) Cost of the ending inventory Click if you would like to Show Work for this question Open Show Work