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

June 1	Balance		300 units @ $10		June 10	Sold		200 units @ $24
11	Purchased		800 units @ $11		15	Sold		500 units @ $25
20	Purchased		500 units @ $13		27	Sold		250 units @ $27

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	$	$

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?

Ending inventory

$

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

$