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Current Attempt in Progress * your answer is incorrecta in its first month at operations, Lily Company made three purchases of merchandise in the following sequence: (i) 300 units at $7, (2) 430 units at 58, and (3) 220 units at se, Assuming there are 380 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Lily uses as periodic Inventory system, amme FIFO LIFO Cost at the ending inventory 3100 2580 ph eTextbook and Media Sekretariales Altempts: 2 of Sused Sutamist Answer DO Barbara's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Barbara's purchases of Xpert snowboards during September is shown below. During the same month, 121 Xpert snowboards were sold. Barbara's uses a periodic inventory system. a Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 27 $ 97 $ 2,619 Sept. 12 Purchases 45 105 4.725 Sept. 19 Purchases 20 107 2,140 Sept. 26 Purchases 50 108 5.400 Totals 142 $ 14,884 (a) Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO The ending inventory at September 30 $ $ Cost of goods sold $ $ Sept. 26 Purchases 50 108 5,400 | | Totals 142 $ 14,884 (a) Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO The ending inventory at September 30 $ Cost of goods sold $ $ eTextbook and Media Save for Later Attempts:0 of 5 used Submit Answer (b) For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold, FIFO LIFO The sum of ending inventory and cost of goods sold $ e Textbook and Media Save for later Attempts: 0 of 5 used Submit