Lily Company uses a periodic system reports the following for the month of June.

				Units			Unit Cost			Total Cost
June 1		Inventory		250			$6			$ 1,500
12		Purchase		420			7			2,940
23		Purchase		310			8			2,480
30		Inventory		110

(a)

Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO.

		FIFO		LIFO
Cost of the ending inventory		$		$
Cost of goods sold		$		$

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