Exercise 6-7 Kaleta Company uses the periodic inventory system and reports the following for the month of June. Unit Cost Units 200 400 June 1 12 23 30 Inventory Purchase Purchase Inventory Total Cost $1,000 2,400 2,100 300 100 Compute the cost of the ending inventory and the cost of gods sold under FIFO and LIFO. FIFO LIFO Cost of the ending inventory $ Cost of goods sold LINK TO TEXT VIDEO: SIMILAR EXERCISE