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Inventory information for Part 311 of Blossom Corp. discloses the following information for the month...

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Inventory information for Part 311 of Blossom Corp. discloses the following information for the month of June. June 1 11 Balance Purchased Purchased 302 units @ $17 795 units @ $20 498 units @ $22 June 10 15 27 Sold Sold Sold 200 units @ $40 496 units @ $42 299 units @ $45 20 (a) Your answer has been saved. See score details after the due date. 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 $ 31990 $ 31990 $ Cost of Goods Sold 12996 $ $ 11094 Ending Inventory Attempts: 1 of 1 used (b) due date cm (1) LIFO (2) FIFO Cost of Goods Sold $ 31990 31990 Ending Inventory $ 12996 $ 11094 Attempts: 1 of 1 used (b) Your answer has been saved. See score details after the due date. 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 $ 11094 Attempts: 1 of 1 used (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? Gross Profit (FIFO) $

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