Exercise 8-13 (Part Level Submission) Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of June.

June 1 Balance 300 units @ $14 June 10 Sold 195 units @ $34 11

Purchased 798 units @ $17 15 Sold 498 units @ $35 20

Purchased 498 units @ $18 27 Sold 298 units @ $38

Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO.

(1) LIFO

(2) FIFO