Exercise 8-10 (Part Level Submission) Inventory information for Part 311 of Skysong Corp. discloses the following information for the month of June. 1 lance 300 @$14 Jun 203 units @ $32 804 units @ $16 496 units @$34 11 Purchased 15 Sold Purchased 502 units@ $18 20 27 Sold 298 units @ $36 (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) (2) LIFO FIFO Cost of Goods Sold Ending Inventory