Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of June.

June 1	Balance	302units @$11	June 10	Sold	200units @ $27
11	Purchased	802units @ $13	15	Sold	502units @ $28
20	Purchased	498units @ $14	27	Sold	305units @ $30

(a)

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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	$13589	$12487
Ending Inventory	$7131	$8233

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(b)

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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

$7724

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(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)

$