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Question 8 and View Policies Current Attempt in Progress Inventory information for Part 311 of Skysong Corp. discloses the following information for the month of
Question 8 and View Policies Current Attempt in Progress Inventory information for Part 311 of Skysong Corp. discloses the following information for the month of June. June 1 Balance 301 units a $12 June 10 Sold 200 units @ $28 11 Purchased 804 units @ $14 15 Sold 504 units $29 -t 20 Purchased 497 units @ $15 27 Sold 304 units @ $32 Assuming that the periodic inventory method is used compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFC LIFO (2) FIFO Cost of Goods Sold $ $ Ending Inventory $ 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 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) $
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