Question: Exercise 8-10 (Part Level Submission) Inventory information for Part 311 of Tamarisk Corp. discloses the following information for the month of June. June 1 Balance
Exercise 8-10 (Part Level Submission) Inventory information for Part 311 of Tamarisk Corp. discloses the following information for the month of June. June 1 Balance 302 units @ $15 June 10 Sold 197 units @ $36 11 Purchased 795 units @ $18 15 Sold 499 units @ $38 20 Purchased 499 units @ $20 27 Sold 296 units @ $41 Collapse question part (a) Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO.
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