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Inventory information for Part 311 of Crane Corp, discloses the following information for the month of June. Sold June 1 11 20 Balance Purchased Purchased
Inventory information for Part 311 of Crane Corp, discloses the following information for the month of June. Sold June 1 11 20 Balance Purchased Purchased 298 units @ $10 797 units @ $12 505 units @ $13 June 10 15 Sold Sold 199 units @ $24 497 units @ $26 295 units $28 27 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 Ending Inventory $ $ Assuming that the perpetua 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 $ --/3 Question Part Score Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the gross proht if the inventory is valued at FIFO? Gross Profit (FIFO) $
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