Question $2$ of

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In its first month of operations, Metlock, Inc. made three purchases of merchandise in the following sequence: $(1)300$ units at $$7,(2)400$ units at $$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.

$\backslash$table$[[,,$FIFO,$],[,,,],[$The Ending Inventory,$$,$$$,]]$

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