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Exercise 8-10 Inventory information for Part 311 of Oriole Corp. discloses the following information for the month of June June 1 Balance 304 units $17
Exercise 8-10 Inventory information for Part 311 of Oriole Corp. discloses the following information for the month of June June 1 Balance 304 units $17 June 10 Sold 201 units@ $41 15 Sold 503 units $43 20 Purchased 499 units@ $22 27 Sold 301 units $46 11 Purchased 804 units @ $21 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 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)
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