Monique Aaron Corp. discloses the following information for the month of June. E8.10 (LO 3) (FIFO and LIFOPeriodic and Perpetual) Inventory information for Part 311 of 300 units @ $10 June 10 Sold 200 units @ $24 800 units @ $12 15 Sold 500 units @ $25 500 units @ $13 27 Sold 300 units @ $27 June 1 Balance 11 Purchased 20 Purchased Instructions a. Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. b. 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? C. 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? d. Why is it stated that LIFO usually produces a lower gross profit than FIFO