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Exercise 8-10 Inventory information for Part 311 of Flint Corp. discloses the following information for the month of June. June 1 Bal296 units@ $13 June
Exercise 8-10 Inventory information for Part 311 of Flint Corp. discloses the following information for the month of June. June 1 Bal296 units@ $13 June 10 Sold 204 units $31 11 Purchased 801 units @$15 20 Purchased 501 units $17 15 Sold 495 units $32 27 Sold 296 units $35 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 Ending Inventory LINK TO TEXT 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 LINK TO TEXT 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) s
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