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

June 1 Balance 296 units @ $13 June 10 Sold 195 units @ $32

11 Purchased 796 units @ $16 15 Sold 497 units @ $33

20 Purchased 503 units @ $17 27 Sold 299 units @ $36

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 ________ ________

Ending Inventory ________ ________