Inventory information for Part 311 of Wildhorse Corp. discloses the following information for the month of June. June 1 Balance 301 units @ $15 June 10 Sold 203 units @ $37 11 20 Purchased Purchased 797 units @ $18 497 units @ $20 15 27 Sold Sold 497 units @ $38 298 units @ $41 Your answer is partially correct. 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 FIFO Cost of Goods Sold $ 18958 17061 Ending Inventory $ 9843 11740 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 38615 e Textbook and Media 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) $ 27765 e Textbook and Media