June 1 Balance 299 units @ $11 June 10 Sold 197 units @ $27 11 Purchased 798 units @ $14 15 Sold 503 units @ $29 20 Purchased 502 units @ $15 27 Sold 305 units @ $31 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 $ e Textbook and Media * 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) $