In the first month of operations, Blossom Company made three purchases of merchandise in the following sequence: (1) 204 units at $6, (2) 306 units at $7, and (3) 408 units at $9. Assuming there are 306 units on hand. Compute the cost of the ending inventory under the FIFO method and the LIFO method. Blossom uses a periodic inventory system. FIFO LIFO $ $ Cost of ending inventory

In the first month of operations, Blossom Company made three purchases of merchandise in the following sequence: (1) 204 units at $6, (2) 306 units at $7, and (3) 408 units at $9. Assuming there are 306 units on hand. Compute the cost of the ending inventory under the FIFO method and the LIFO method. Blossom uses a periodic inventory system