Question: CALCULATOR MESSAGE MY INSTRUCTOR S Exercise 8-10 trventory information for Part 311 of Sheridan Corp. discloses the following information for the month of June. June
CALCULATOR MESSAGE MY INSTRUCTOR S Exercise 8-10 trventory information for Part 311 of Sheridan Corp. discloses the following information for the month of June. June 1 Balance 301 units @ $15 June 10 Sold 203 units @ $ 11 Purchased 797 units $18 15 Sold 497 units 20 Purchased 497 units $20 27 Sold 298 units 541 Assuming that the periodic inventory method is used, compute the cost of goods sold und ending inventory under (1) LIFO and (2) FIFO. LIFO Cost of Goods Sold Ending Inventory Assuming that the perpetual inventory method is used and therawal, what is the value of the ending inventory at LIFT The ending inventory at UFO Assuming that the perpetual inventory method is us cach withdrawal, what is the gross profit if the inventory is valued at FIFO Gross Profit (FIFO)
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