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Pina Colada Corp. uses the periodic inventory system and reports the following for the month of June. Unit Cost Units Total Cost June 1 Inventory

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Pina Colada Corp. uses the periodic inventory system and reports the following for the month of June. Unit Cost Units Total Cost June 1 Inventory 400 $4 12 23 Purchase Purchase 800 600 7 12 $ 1,600 5,600 ,200 7 30 Inventory 200 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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