ignment CALCMATOR ULLRSN BACK MET. Brief Exercise 6-2 In its first month of operations, Vaughn Manufacturing made three purchases of merchandise in the $8. Assuming there are 240 units on hand at the end of the period, compute the cost of the ending inventory under (a) the FIFO method and (b) the LIFO method. Vaughn Manufacturing uses a periodic inventory system. following sequence: i) 240 ritsat ss, 2) 440 its at $7, and (3) S40 its at FIFO LIFO The Ending Inventory Click if you would like to Show Work for this question: Oen Show Work Study