Question 3 of 7 View Policies Current Attempt in Progress In its first month of operations, Blue Spruce Corp. made three purchases of merchandise in the following sequence: (1) 400 units at $5.(2) 600 units at $6, and (3) 445 units at $7. Assuming there are 355 units on hand, compute the cost of the ending inventory under the(a) FIFO method and (b) LIFO method. Blue Spruce uses a periodic inventory system. FIFO ta) Cost of the endine inventory $ LIFO (6) Cost of the ending inventory $ Save for later Attempts: 0 of 1 used Submit