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Inventory information for Part 311 of Blue Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 301
Inventory information for Part 311 of Blue Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 301 units @ $17 802 units @ $20 499 units @ $21 June 10 15 Sold Sold Sold 195 units @ $40 496 units @ $41 300 units @ $45 27 X Your answer is incorrect. 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 $ e Textbook and Media * Your answer is incorrect. 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) $ 6198
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