. Compute FIFO and LIFO cost of goods sold and ending inventory under the perpetual inventory system.

June 1 Beg. Balance 300 units @ $10 = $ 3,000

10 Sold 200 units @ $24

11 Purchased 800 units @ $12 = 9,600

15 Sold 500 units @ $25

20 Purchased 500 units @ $13 = 6,500

27 Sold 300 units @ $27

FIFO

LIFO