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In its first month of operations, Bramble Company made three purchases of merchandise in the...

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Accounting

In its first month of operations, Bramble Company made three purchases of merchandise in the following sequence: (1)200 units at $4,(2)300 units at $7, and (3)390 units at $10. Assuming there are 250 units on hand, compute the cost of the ending inventory under (1) the FIFO method and (2) the LIFO method. Bramble uses a periodic inventory system.
Cost of Ending Inventory-FIFO
$
Cost of Ending Inventory-LIFO
$
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