Brief Exercise 6-03 X Your answer is incorrect. Try again. in its first month of operations, Lily Company made three purchases of merchandise in the following sequence: (1) 300 units at $7, (2) 430 units at $8, and (3) 220 units at $9. Assuming there are 360 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Lily uses a periodic inventory system. FIFO LIFO X Cost of the ending inventory Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT SAVE FOR LATER SUE Question Attempts: 2 of 5 used