In its first month of operations,Oriole Companymade three purchases of merchandise in the following sequence: (1)200units at $7, (2)300units at $9, and (3)400units at $10. Assuming there are100units on hand at the end of the period, compute the cost of the ending inventory under (a) the FIFO method and (b) the LIFO method.Oriole Companyuses a periodic inventory system.

The Ending Inventory$

Enter a dollar amount

FIFO

LIFO