Question 1 of 9 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: (1) 330 units at $8, (2) 490 units at $9, and (3) 200 units at $10. Assuming there are 420 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Oriole uses a periodic inventory system. Cost of the ending inventory eTextbook and Media Save for Later FIFO 4200 0/1 : LIFO 3360 Attempts: 1 of 3 used Submit Answer

In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: (1) 330 units at $8, (2) 490 units at $9, and (3) 200 units at $10. Assuming there are 420 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Oriole uses a periodic inventory system