Mathematics, 26.06.2020 15:01, malumnugget

In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1) 130 units at $7, (2) 480 units at $8, and (3) 140 units at $9. Assuming there are 370 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Weatherall uses a periodic inventory system.

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