Section III: Inventory (20 points) Tipp Topp Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 300 $5 $1,500 12 Purchase 450 6 2,700 23 Purchase 750 7.60 5,700 30 Inventory 180 Instructions Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO. SOL