Inventory information for Part 311 of Crane Corp. discloses the following information for the month of June. June 1 Balance 298 units @ $10 June 10 Sold 199 units @ $24 rt 11 Purchased 797 units $12 15 Sold 497 units @ $26 20 Purchased 505 units @$13 27 Sold 295 units @ $28 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) LIFO (2) FIFO Cost of Goods Sold $ 12397 10984 Ending Inventory $ 6712 $ 8125 e Textbook and Media Your answer is correct. Assuming that the perpetual inventory method is used and consts are computed at the time of each withdrawal what is the value of the ending inventory at LIFO? The ending inventory at LIFOS 7320 e Textbook and Media 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 gross profit if the inventory is valid at Fido? Gross Profit (FIFO) 5 13561 e Textbook and Media