Exercise 6-07 a-c (Part Level Submission) Lily Company uses a periodic system reports the following for the month of June. Units Unit Cost Total Cost 250 $6 June 1 12 420 7 Inventory Purchase Purchase Inventory $ 1,500 2,940 2,480 23 310 8 30 110 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. FIFO LIFO Cost of the ending inventory $ LA Cost of goods sold $ $ $