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Current Attempt in Progress Inventory information for Part 311 of Swifty Corp. discloses the...

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Accounting

Current Attempt in Progress
Inventory information for Part 311 of Swifty Corp. discloses the following information for the month of June.
\table[[June 1,Balance,298 units @ $11,June 10,Sold,200 units @ $26],[11,Purchased,802 units @ $13,15,Sold,497 units @ $27],[20,Purchased,497 units @ $14,27,Sold,300 units @ $29]]
(a)
Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO.
\table[[,\table[[(1)],[LIFO]],\table[[(2)],[FIFO]]],[Cost of goods sold,$,$
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