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

Exercise 8-10 (Part Level Submission) Inventory information for Part 311 of Riverbed Corp. discloses the following information for the month of June. June Balance 301 units@ $12 June 10 Sold 200 units @ $28 Purchased Purchased 804 units @ $14 497 units @ $15 15 Sold 504 units@$29 27 Sold 304 units@ $32 11 20 (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. LIFO FIFO Cost of Goods Sold 14609 13510 Ending Inventory 7714 8813 Click if you would like to Show Work for this question: Open Show Work