Question 10 of 11 0.33/1 Show Attempt History Current Attempt in Progress Inventory information for Part 311 of Sheffield Corp. discloses the following information for the month of June. June 1 Balance 302 units @ $15 June 10 Sold 197 units @ $36 11 Purchased 795 units @ $18 15 Sold 499 units @ $38 20 Purchased 499 units @ $20 27 Sold 296 units @ $41 Your answer is 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 (2) FIFO st of Goods Sold $ 18,854 $ 16,950 ding Inventory $ 9.966 $ 11,870 e Textbook and Media Question 10 of 11 0.33/1 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 $ 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) $ e Textbook and Media Assistance Used