Question: PRINTER VERSION 4 BACK Brief Exercise 6-03 NEXT Your answer is incorrect. Try again. In its first month of operations, Metlock, Inc. made three purchases

PRINTER VERSION 4 BACK Brief Exercise 6-03 NEXT Your answer is incorrect. Try again. In its first month of operations, Metlock, Inc. made three purchases of merchandise in the following sequence: (1) 140 units at $6, (2) 480 units at $7, and (3) 140 units at $8. Assuming there are 330 units on hand, compute the cost of the ending Inventory under the (a) FIFO method and (b) LIFO method. Metlock uses a periodic Inventory system. FIFO (a) Cost of the ending inventory LIFO (b) Cost of the ending inventory Click if you would like to show Work for this question: On Show Work

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