Inventory information for Part 311 of Oriole Corp. discloses the following information for the month of June. June 1 Balance 299 units @ $16 June 10 Sold 196 units @ $38 11 Purchased 803 units @ $19 15 Sold 502 units @ $40 20 Purchased 505 units @ $21 27 Sold 297 units @ $43 (a) * Your answer is incorrect. Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. Cost of goods sold Ending inventory (1) LIFO (2) FIFO 18008 $ 19915 12638 $ 10731