In its first month of operations,Larkspur, Inc.made three purchases of merchandise in the following sequence: (1)235units at $10, (2)470units at $11, and (3)435units at $12.

Assuming there are170units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method.Larkspuruses a periodic inventory system.

Question: What is FIFO cost of the ending inventory

Question: What is the LIFO cost of the ending inventory