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.

June 1		Balance		299 units @ $16		June 10		Sold		196 units @ $38
11		Purchased		803 units @ $19		15		Sold		502 units @ $40
20		Purchased		505 units @ $21		27		Sold		297 units @ $43

x Your answer is incorrect. Try again. 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 7700 7700 X Ending Inventory Click if you would like to Show Work for this question: Open Show Work 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 Balance Purchased 11 299 units @ $16 803 units @ $19 505 units @ $21 June 10 15 27 Sold Sold Sold 196 units @ $38 502 units @ $40 297 units @ $43 20 Purchased (a) x] Your answer is incorrect. Try again. 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 7700 7700 Ending Inventory Click if you would like to Show Work for this question: Open Show Work