Yount Company reports the following for the month of June: Date Explanation Units Unit Cost Total Cost June 1 Inventory 200 $5 $1,000 June 12 Purchases 300 6 1,800 June 23 Purchases 500 7 3,500 June 30 Inventory 120 Incorrect. Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO