Inventory information for Part 311 of Skysong Corp. discloses the following information for the month of June:

June 1 Balance 440 units @ $1

June 11 Purchased 1,190 units @ $2

June 20 Purchaed 760 units @ $3

June 10 Sold 300 units @ $2.40

June 15 Sold 760 units @$2.50

June 27 Sold 440 units @ $2.70

Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2)

FIFO.

Inventory information for Part 311 of Skysong Corp, discloses the following information for the month of June: Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO