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Inventory information for Part 311 of Oriole Corp. discloses the following information for the month of June. June 1 Balance 299 units @ $16 June

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

June 1

Balance

299 units @ $16

June 10

Sold

196 units @ $38

11

Purchased

803 units @ $19

15

Sold

502 units @ $40

20

Purchased

505 units @ $21

27

Sold

297 units @ $43

image text in transcribed

X 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 $ 10731 X 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 gross profit if the inventory is valued at FIFO? Gross Profit (FIFO) $

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