Exercise 8-13 (Part Level Submission) Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of June.

June 1 Balance 302 units @ $11 June 10 Sold 200 units @ $27
11 Purchased 802 units @ $13 15 Sold 502 units @ $28
20 Purchased 498 units @ $14 27 Sold 305 units @ $30
(a)

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

(1)
LIFO
(2)
FIFO
Cost of Goods Sold $ $
Ending Inventory $ $

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