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Inventory information for Part 311 of Wildhorse Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 301

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Inventory information for Part 311 of Wildhorse Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 301 units @ $15 797 units @ $18 497 units @ $20 June 10 15 27 Sold Sold Sold 203 units @ $37 497 units @ $38 298 units @ $41 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 $ 17061 $ 14970 Ending Inventory $ 10850 $ $

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