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Inventory information for Part 311 of Oriole Corp. discloses the following information for the month of June. June 1 Balance 450 units @ $1 June

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Inventory information for Part 311 of Oriole Corp. discloses the following information for the month of June. June 1 Balance 450 units @ $1 June 10 6 Sold 290 units @ $2.40 11 Purchased 1.200 units @ $2 15 Sold 750 units @ $2.50 27 Sold 760 units @ $3 20 450 units @ $2.70 Purchased Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. 3 (1) LIFO (2) FIFO Cost of Goods Sold $ $ Ending Inventory $

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