Inventory information for Part 311 of Sheridan Corp. discloses the following information for the month of June. June 1 Balance 300 units @ $8 June 10 Sold 200 units @ $20 11 Purchased 760 units @ $9 15 Sold 460 units @ $21 20 Purchased 460 units @ $11 27 Sold 260 units @ $23 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 FIFO Cost of Goods Sold 7980 $ 9200 Ending Inventory $ 6320 $ 5100