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Inventory information for Part 311 of Sheridan Corp. discloses the following information for the month of June. June 1 Balance June 10 Sold 200 units

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Inventory information for Part 311 of Sheridan Corp. discloses the following information for the month of June. June 1 Balance June 10 Sold 200 units @ $20 300 units @ $8 760 units @ $9 11 Purchased 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 (2) FIFO $ $ Cost of Goods Sold $ $ Ending Inventory

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