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In the first month of operations, Blossom Company made three purchases of merchandise in the following sequence: (1) 306 units at $6, (2) 408 units

In the first month of operations, Blossom Company made three purchases of merchandise in the following sequence: (1) 306 units at $6, (2) 408 units at $8, and (3) 510 units at $9. Assuming there are 204 units 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. Blossom uses a periodic inventory system.

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