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

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Accounting

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Inventory information for Part 311 of Crane Corp. discloses the following information for the month of June. June 1 Balance 11 Purchased 20 Purchased 298 units @ $10 797 units @ $12 505 units @ $13 June 10 15 27 Sold Sold Sold 199 units @ $24 497 units @ $26 295 units @ $28 Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO 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 $ 12,397 $ Cost of Goods Sold 11.296 $ 6,712 $ 7.813 Ending Inventory 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 Question Part Score 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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