Question 2 In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: (1) 200 units at $7, (2) 300 units at $9, and (3) 400 units at $10. Assuming there are 100 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. Oriole Company uses a periodic inventory system. The Ending Inventory FIFO LIFO Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 3 used