The following information is available for Massey Company: 
Assume that Massey uses a periodic inventory system and that there are 700 units left at the end of the month.
Instructions
Compute the cost of ending inventory under the
(a) FIFO method.
(b) LIFO method.
Definitions:
Support Products
Items or services that supplement the main products or services of a company, enhancing the value of their primary offerings.
Automated Assembly Lines
Production systems where equipment and machinery are used to automatically assemble products with minimal human intervention.
Installations
The process of setting up equipment or systems so they are ready for use or operation.
Support Products
Items or services sold to support or complement a company's main product line or services.
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