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

June 1		Balance		303 units @ $14		June 10		Sold		203 units @ $33
11		Purchased		796 units @ $17		15		Sold		499 units @ $35
20		Purchased		503 units @ $18		27		Sold		303 units @ $37

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

(1). LIFO

Cost of Goods Sold:

Ending Inventory:

Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the value of the ending inventory at LIFO?

The ending inventory at LIFO: