Exercise 8-10 a-c Inventory information for Part 311 of Sunland Corp. discloses the following information for the month of June. June 1 Balance 303 units @ $14 June 10 Sold 203 units @ $33 11 Purchased 796 units @ $17 15 Sold 499 units @ $35 20 Purchased 503 units @ $18 27 Sold 303 units @ $37 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. (1) (2) FIFO LIFO 17588 16176 Cost of Goods Sold Ending Inventory 10652 9240 Your answer is correct. 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 10049 SHOW SOLUTION LINK TO TEXT Your answer is correct. 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) 19199 Click if you would like to show Work for this question: Open Show Work $