Inventory information for Part $311$ of Tamarisk Corp. discloses the following information for the month of June.

$($a$)$

$$ Your answer is correct.

Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under $(1)$ LIFO and $(2)$

FIFO.

The ending inventory at Liro s

Assuming that the perpetual inventory method is used and costs are computed at the bme of each withdrawal, what is the gross proft if the inventory is valued at fifo?

PLEASE SHOW ALL STEPS, IM

CONFUSED ON WHERE #$\text{'}$s COME

FROM ON LIFO AND FIFO. WILL

THUMBS UP$|$