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

June 1	Balance	301units @$13	June 10	Sold	198units @ $31
11	Purchased	800units @ $15	15	Sold	502units @ $32
20	Purchased	501units @ $17	27	Sold	299units @ $34

Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO.

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?

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?

Please explain answer. Thank you.