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Inventory information for Part 311 of Metlock Corp. discloses the following information for the month of June. June 1 Balance 296 units @ $13 June
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 Purchased 801 units @ $15 115 Sold 495 units @ $32 Question 1 of 2 > 0.33/1 (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 eTextbook and Media Attempts: 1 of 3 used (b) 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 value of the ending inventory at LIFO? The ending inventory at LIFO $
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