ACCT 3110 Fall 2017/ Chapter 8 Homework *Exercise 8-10 Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of June. /. 200 units @ $24 15 Sold 500 units $25 27 Sold 300 units@$27 June 10 Sold Balance Purchased Purchased 300 units @ $10 800 units @ $12 500 units @ $13 June 1 11 20 Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. LIFO 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 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) $