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Question 1 of 4 View Policies Current Attempt in Progress In its first month of operations, Splish Brothers Inc. made three purchases of merchandise in

Question 1 of 4
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In its first month of operations, Splish Brothers Inc. made three purchases of merchandise in the following sequence: (1)255 units at
$7,(2)410 units at $8, and (3)400 units at $9.
Assuming there are 165 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method.
Splish Brothers uses a periodic inventory system.
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