Inventory information for Part 311 of Crane Corp, discloses the following information for the month of June. June 1 Balance 298 units 510 June 10 Sold 199 units @ $24 11 Purchased 797 units $12 15 Sold 497 units @ $26 20 Purchased 505 unitse $13 27 Sold 295 units @ $2 (a) Your answer is correct Asuming that the periodic inventory method is used compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO (11 LIFO 123 FIFO Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and 12) FIFO (1) LIFO (2) FIFO Cost of Goods Sold $ 12397 $ 11.296 Ending Inventory $ 6712 7813 e Textbook and Media Attempts: 1 of 3 used (b) 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 wentary at LIFO