1. Compute FIFO and LIFO cost of goods sold and ending inventory under the perpetual inventory system June Beg. Balance 300 units @S10 $ 3,00 10 Sold 200 units @ $24 500 units@$25 300 units @ $27 Purchased 800 units @ S12 9,600 15 Sold 20 Purchased 500 units@ $13 6,500 27 Sold FIFO LIFO