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  3. inventory information for part 311 of bramble corp

Inventory information for Part 311 of Bramble Corp. discloses the following information for the month...

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Accounting

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Inventory information for Part 311 of Bramble Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 301 units @ $16 797 units @ $19 503 units @ $20 June 10 1 5 27 Sold Sold Sold 197 units @ $37 498 units @ $39 297 units @ $42 x Your answer is incorrect. 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. (2) LIFO Cost of Goods Sold T 12017 10668 XE Ending Inventory 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 * 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 gross profit if the inventory is valued at FIFO? Gross Profit (FIFO)

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