Inventory information for Part 311 of Kingbird Corp. discloses the following information for the month of June.

June 1		Balance		440 units @ $6		June 10		Sold		340 units @ $18
11		Purchased		1,040 units @ $7		15		Sold		600 units @ $19
20		Purchased		600 units @ $9		27		Sold		400 units @ $21

(a)

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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
Cost of Goods Sold		$enter the cost of goods sold in dollars		$enter the cost of goods sold in dollars
Ending Inventory		$enter the ending inventory in dollars