In its first month of operations, Larkspur, Inc. made three purchases of merchandise in the following sequence: (1) 235 units at $10, (2) 470 units at $11, and (3) 435 units at $12. Assuming there are 170 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Larkspur uses a periodic inventory system.

FIFO
(a) Cost of the ending inventory
$enter the cost of inventory as per FIFO in dollars

LIFO
(b) Cost of the ending inventory
$enter the cost of inventory as per LIFO in dollars

answer: correct

step-by-step explanation:

meaning of term low   inflation is when prices of commodities does not change very highly.so low inflation is   not a sign of healthy economy.the demand of goods becomes higher due to some faulty measures taken by government

there are two kind of inflation

1. positive inflation : when supply of goods is less than prices of those goods rise.

2. negative inflation : when supply of any good is very high so it,s price will fall.

so option c is true : struggling economy because it results from a steady rise in demand.

can you attach the image again? it’s not working