Inventory information for Part 311 of Sunland Corp. discloses the following information for the month of June. June 1 Balance 360 units @ $10 June 10 Sold 260 units @ $24 11 Purchased 880 units @ $11 15 Sold 520 units @ $25 20 Purchased 520 units @ $13 27 Sold 320 units @ $27 (a) 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 $ $ 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? The ending inventory at LIFO LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM your answer is incorrect. Try again. 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)