(a) Inventory information for Part 311 of Metlock Corp. discloses the following information for the month of June: June 1 Balance 450 units @ $1 June 10 Sold 310 units @ $2.40 11 Purchased 1,220 units @ $2 15 Sold 740 units @ $2.50 20 Purchased 740 units @ $3 27 Sold 450 units @ $2.70 Your answer is incorrect. Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. Cost of goods sold $ Ending inventory $ (1) LIFO CA (2) FIFO 2550 $ 2550