The following information is available for Clancy Company:

Beginning inventory	600 units at $4
First purchase	900 units at $6.50
Second purchase	500 units at $7

Assume that Clancy uses a periodic inventory system and that there are 760 units left at the end of the month.

Compute the cost of ending inventory under the

(a) FIFO method.

(b) LIFO method.