ount 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
Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO.