Exercise 8-10 Inventory information for Part 311 of Nash Corp. discloses the following information for the month of June. June 1 Balance 304 units @ $11 June 10 Sold 201 units @ $25 June 11 Purchased 796 units @ $13 June 15 Sold 499 units @ $26 June 20 Purchased 501 units @ $14 June 27 Sold 296 units @ $28 A.Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO.? 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:

C:

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):