Question $11$ of $12$

$\frac{-}{10},$vdots$-=,$vdots

Inventory information for Part $311$ of Bonita Corp. discloses the following information for the month of June.

$\backslash$table$[[$June $1,$Balance,$460$ units@$$1,$June $10,$Sold,$310$ units@$$2\mathrm{.}40],[11,$Purchased,$1,210$ units @$$2,15,$Sold,$760$ units@$$2\mathrm{.}50],[20,$Purchased,$750$ units@$$3,,$Sold,$440$units@$$2\mathrm{.}70]]$

$($a$)$

Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under $(1)$ LIFO and $(2)$ FIFO.

$\backslash$table$[[,(1)],[$LIFO$,],[$Cost of Goods Sold,$]]$

$(2)$

FIFO