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Inventory information for Part 311 of Windsor Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 295
Inventory information for Part 311 of Windsor Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 295 units @ $12 799 units @ $15 498 units @ $16 June 10 15 Sold Sold Sold 196 units @ $30 505 units @ $31 296 units @ $33 27 (a) Your answer is correct. Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory unde (1) (2) LIFO FIFO Cost of Goods Sold 15453 14070 Ending Inventory 8040 9423 X. Your answer is incorrect. Try again. Assuming that the perpetual inventory method is used and costs are computed at the time of each Gross Profit (FIFO) 17235 Click if you
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