Inventory information for Part 311 of Waterway Corp. discloses the following information for the month of June. 301 units @ $16 197 units@ $37 June 1 Balance Sold June 10 797 units @ $19 498 units @ $39 Purchased 11 15 Sold 503 units@ $20 297 units @ $42 Purchased 20 27 Sold Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. (1) (2) LIFO FIFO $ Cost of Goods Sold $ $ $ Ending Inventory eTextbook and Media tA tA tA 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 eTextbook and Media 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) eTextbook and Media Attempts: 0 of 3 used Submit Answer Save for Later