edugenm uni 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. LIFO FIFO Cost of Goods Sold 12397 11296 Ending Inventory 6712 7813 LINK TO TEXT Attempts: 1 of 5 used (b) 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 SUBMIT ANSWER Attempts: 0 of s used SAVE FOR LTR SUBMIT ANSWER edugenm uni 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. LIFO FIFO Cost of Goods Sold 12397 11296 Ending Inventory 6712 7813 LINK TO TEXT Attempts: 1 of 5 used (b) 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 SUBMIT ANSWER Attempts: 0 of s used SAVE FOR LTR SUBMIT