Question: Brief Exercise 6-3 Brief Exercise 6-3 In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1)180units at

Brief Exercise 6-3

Brief Exercise 6-3 In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1)180units at $5, (2)440units at $6, and (3)130units at $7. Assuming there are330units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Weatherall uses a periodic inventory system.

FIFO	LIFO
Cost of the ending inventory	$	$

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