Inventory information for Part 311 of Pina 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)

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		$