FIFO/LIFO Accounting assistance please?

1st mo. of operations ABC Co. made (3) purchases of merch in the following sequence: (1) 300 units @$6. (2) 400 units @ $7. (3) 200 units @ $8. 360 UNITS ARE ON HAND. What is the cost of the ending inventory under FIFO method and LIFO method...ABC co. uses a periodic inv. system...I keep getting it... show more 1st mo. of operations ABC Co. made (3) purchases of merch in the following sequence: (1) 300 units @$6.
(2) 400 units @ $7. (3) 200 units @ $8.
360 UNITS ARE ON HAND.
What is the cost of the ending inventory under FIFO method and LIFO method...ABC co. uses a periodic inv. system...I keep getting it wrong...
Thank you
3 answers 3