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 Cost of Goods Sold $Entry field with incorrect answer 7700 $Entry field with incorrect answer 7700 Ending Inventory $Entry field with incorrect answer $Entry field with incorrect answer Inventory information for Part 311 of Vaughn Corp. discloses the following information for the month of June. 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 $

Exercise 8-10 (Part Level Submission) Inventory information for Part 311 of Vaughn Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 299 units @ $16 803 units @ $19 505 units @ $21 June 10 1 5 27 Sold Sold Sold 196 units @ $38 502 units @ $40 297 units @ $43 (a) 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. (2) (1) LIFO FIFO Cost of Goods Sold 19915 GA 18008 Ending Inventory 10731 12638 Click if you would like to Show Work for this question: Open Show Work (b) 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 $ Click if you would like to Show Work for this question: Open Show Work TNK TO TEYT