Inventory information for Part 311 of Waterway Corp. discloses the following information for the month of June. June 1 Balance 301 units @ $16 June 10 Sold 197 units @ $37 11 Purchased 797 units @ $19 15 Sold 498 units @ $39 20 Purchased 503 units @ $20 27 Sold 297 units @ $42

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		$enter a dollar amount		$enter a dollar amount
Ending Inventory		$enter a dollar amount		$enter a dollar amount