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Exercise 8-10 Inventory information for Part 311 of Shamrock Corp. discloses the following information for the month of June. June 1 Balance 301 units @
Exercise 8-10 Inventory information for Part 311 of Shamrock Corp. discloses the following information for the month of June. June 1 Balance 301 units @ $16 June 10 Sold 198 units @ $39 Purchased Purchased 797 units @ $19 498 units @ $21 15 Sold 497 units @$41 301 units @ $44 11 20 27 Sold Your answer is incorrect. 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. LIFO FIFO Cost of Goods Sold Ending Inventory
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