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CALCULATOR FULL SCREEN PRI Exercise 8-10 (Part Level Submission) Inventory information for Part 311 of...

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CALCULATOR FULL SCREEN PRI Exercise 8-10 (Part Level Submission) Inventory information for Part 311 of Kingbird Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 304 units @ $17 804 units @ $21 499 units @ $22 June 10 1 5 27 Sold Sold Sold 201 units @ $41 503 units @ $43 301 units @ $46 (a) Your answer is correct. 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 21604 19889 2 Ending Inventory 11426 1 3141 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT CALCULATOR FULL SCREEN PRINTER VERSION B LINK TO TEXT Attempts: 1 of 10 used (b) x Your answer is incorrect. Try again. Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the value of the ending inventory at LIFO? The ending inventory at LIFO Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Attempts: 1 of 10 used SAVE FOR LATER SUBMIT (c) The parts of this question must be completed in order. This part will be available when you complete the part above

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