Question: Please answer problem #10, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! In its first month of operations, Metlock Inc. made three purchases of

Please answer problem #10, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!

In its first month of operations, Metlock Inc. made three purchases of merchandise in the following sequence: (1) 300 units at $ 7.12) 400 units at $ 9. and (3) 500 units at $ 10. Assuming there are 200 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. Metlock, Inc. uses a periodic inventory system FIFO LIFO The Ending Inventory $

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