View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. In its first month of operations, Wildhorse Co. made three purchases of merchandise in the following sequence: (1) 380 units at $9. (2) 560 units at $10, and (3) 425 units at $11. Assuming there are 315 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Wildhorse uses a periodic inventory system. FIFO (a) Cost of the ending inventory $ 1.350 LIFO (b) Cost of the ending inventory 1050 eTextbook and Media