Inventory information for Part 311 of Ivanhoe Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 302 units @ $17 795 units @ $20 498 units @ $22 June 10 1 5 27 Sold Sold Sold 200 units @ $40 496 units @ $42 299 units @ $45 Your answer is partially correct. Try again. 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 FIFO Cost of Goods Sold 20916 18994 2. Ending Inventory 11094 T 12996