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Exercise 8-10 Inventory information for Part 311 of Culver Corp. discloses the following...

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Exercise 8-10 Inventory information for Part 311 of Culver Corp. discloses the following information for the month of June. June 1 Balance 302 units $15 June 10 Sold 197 units $36 Purchased 795 units @ $18 15 Sold 499 units $38 27 Sold 296 units @ $41 11 20 Purchased 499 units $20 Your answer is partially correct. Try again. Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. LIFO FIFO Cost of Goods Sold 18854 Ending Inventory

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