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Inventory information for Part 311 of Bramble Corp. discloses the following information for the month of June. June 1 11 Balance Purchased 303 units @
Inventory information for Part 311 of Bramble Corp. discloses the following information for the month of June. June 1 11 Balance Purchased 303 units @ $14 798 units @ $17 June 10 15 27 Sold Sold Sold 201 units @ $34 498 units @ $35 299 units @ $38 20 Purchased 497 units @ $18 - Your answer is partially correct. Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. (1) (2) FIFO LIFO Cost of Goods Sold $ 16662 $ 16057 10697 A Ending Inventory 10092 0
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