Question: Show Attempt History Current Attempt in Progress Your answer is incorrect. In its first month of operations, Lily Company made three purchases of merchandise in

Show Attempt History Current Attempt in Progress Your answer is incorrect. In its first month of operations, Lily Company made three purchases of merchandise in the following sequence: (1) 300 units at $7, (2) 410 units at $8, and (3) 210 units at $9. Assuming there are 390 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Lily uses a periodic inventory system

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