Question: Current Attempt in Progress In its first month of operations, Monty Corp. made three purchases of merchandise in the following sequence: (1) 250 units a

Current Attempt in Progress In its first month of operations, Monty Corp. made three purchases of merchandise in the following sequence: (1) 250 units a (2) 500 units at $10, and (3) 450 units at $11 Assuming there are 200 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO meth Monty uses a periodic inventory system

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