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Inventory information for Part 311 of Pharoah Corp. discloses the following information for the month of June June 1 Balance 302 units @ $15 June
Inventory information for Part 311 of Pharoah Corp. discloses the following information for the month of June June 1 Balance 302 units @ $15 June 10 Sold 200 units $35 15 Sold 499 units @ $37 27 Sold 301 units@ $40 11 20 Purchased Purchased 796 units@ $18 501 units @ $19 Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO LIFO FIFO Cost of Goods Sold Ending Inventory LINK TO TEXT 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 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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