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Inventory information for Part 311 of Swifty Corp. discloses the following information for the month of June. June 1 Balance 298 units @ $ 11

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Inventory information for Part 311 of Swifty Corp. discloses the following information for the month of June. June 1 Balance 298 units @ $ 11 June 10 Sold 200 units @ $26 11 Purchased 802 units @ $ 13 15 Sold 497 units @ $ 27 20 Purchased 497 units @ $ 14 27 Sold 300 units @ $29 (a) 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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