Inventory information for Part 311 of Metlock Corp. discloses the following information for the month of June. June 1 Balance 296 units @ $13 June 10 Sold 204 units @ $31 11 Purchased 801 units @ $15 15 Sold 495 units @ $32 20 Purchased 501 units @ $17 27 Sold 296 units @ $35 (a) Your answer is 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 $ 15927 $ 14333 Ending Inventory $ 8453 $ 10047 Question 1 of 2 0.67/1 E : (b) Your answer is correct. 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 $ 9271 e Textbook and Media Attempts: 2 of 3 used (c) 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) $