In the first month of operations, Dieker Company made three purchases of merchandise in the following sequence: (1) 200 units at $6, (2) 300 units at $7, and (3) 400 units at $8. Assuming there are 250 units on hand.

Compute the cost of the ending inventory under the FIFO method and the LIFO method. Dieker uses a periodic inventory system.

FIFO $_____

LIFO $_____