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

June 1 Balance 304 units @ $11

June 10 Sold 201 units @ $25

June 11 Purchased 796 units @ $13

June15 Sold 499 units @ $26

June 20 Purchased 501 units @ $14

June27 Sold 296 units @ $28

(a) Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under

(1) LIFO and (2) FIFO.