Sun, Mar ZZ, ZU20, 6:14:28 PM Amenicaletrom Question 4 View Policies Show Attempt History Current Attempt in Progress Inventory information for Part 311 of Sheridan Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 301 units @ $12 803 units @ $14 502 units @ $16 June 10 15 2 7 Sold Sold Sold 197 units @ $29 500 units @ $30 297 units @ $32 * Your answer is incorrect. 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 17945 17945 Cost of Goods Sold Ending Inventory $ $ 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 value of the ending Inventory at LIFO? The ending inventory at LIFO $1 12074 e Textbook and Media * Your answer is incorrect. Assuming that the perpetual inventory method is used and costs are computed time withdrawal, what is the gross profit if the inventory is valued at FIFO! Gross Profit (FIFO) 21240 eTextbook and Media Save for Later