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In its first month of operations, Bethke Company made three purchases of merchandise in the following...

In its first month of operations, Bethke Company made three purchases of merchandise in the following sequence: (1) 155 units at $6, (2) 510 units at $7, and (3) 100 units at $8.

Assuming there are 360 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Bethke uses a periodic inventory system.

FIFO

LIFO
Cost of the ending inventory

$

$   
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