Question: Please I need help with this In its first month of operations, Pina Colada Corp. made three purchases of merchandise in the following sequence: (1)

Please I need help with this In its first month of

Please I need help with this

In its first month of operations, Pina Colada Corp. made three purchases of merchandise in the following sequence: (1) 165 units at $6, (2) 530 units at $7, and (3) 110 units at $8. Assuming there are 380 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Pina Colada uses a periodic inventory system. FIFO (a) Cost of the ending inventory 3040 LIFO (b) Cost of the ending inventory 2280

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