Question: View Policies Current Attempt in Progress In its first month of operations, Riverbed Company made three purchases of merchandise in the following sequence: (1) 210

 View Policies Current Attempt in Progress In its first month of

View Policies Current Attempt in Progress In its first month of operations, Riverbed Company made three purchases of merchandise in the following sequence: (1) 210 units at $ 4. (2) 280 units at $5, and (3) 390 units at $ 9. Assuming there are 220 units on hand. Compute the cost of the ending inventory under the FIFO method and the LIFO method. Riverbed uses a periodic inventory system. FIFO LIFO $

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