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Inventory information for Part 311 of Flint Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 299

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Inventory information for Part 311 of Flint Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 299 units @ $13 804 units @ $16 500 units @ $17 June 10 15 27 Sold 198 units @ $32 Sold 495 units @ $33 Sold 305 units @ $36 (a) Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. (1) (2) LIFO FIFO Cost of Goods Sold $ Ending Inventory $

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