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Inventory information for Part 311 of Sunland Corp. discloses the following information for the month of June. June 1 Balance 303 units @ $14 June
Inventory information for Part 311 of Sunland 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 and (2) FIFO.
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