Wabatech Ltd. uses the periodic inventory system, and has the following information about purchases and sales during the year: April 1, 2024 Beginning inventory 150 items @ $3 = $ 450 Purchases 450 items @ $5 = 2,250 Total 600 items $2,700 Total sales 300 items March 31, 2025 Ending inventory 300 Instructions Calculate the cost to be assigned to ending inventory for each of the cost methods below: (a) Average $____________ (b) FIFO $____________