Waterway Company uses a periodic system reports the following for the month of June Unit Units Cost Total Cost June 1 Inventory 200 $5 $1,000 12 Purchase 450 6 2,700 23 Purchase 320 7 2.240 30 Inventory 110 (a) Your answer is incorrect Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO FIFO LIFO Cost of the ending inventory $ 5 Cost of goods sold $ 0/1