Question: Get solution Current Attempt in Progress Inventory information for Part 311 of Blue Corp. discloses the following information for the month of June. June 1
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Current Attempt in Progress Inventory information for Part 311 of Blue Corp. discloses the following information for the month of June. June 1 Balance 301 units @ $17 June 10 Sold 195 units @ $40 11 Purchased 802 units @ $20 15 Sold 496 units @ $41 20 Purchased 499 units @ $21 27 Sold 300 units @ $45 (a) Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. (1) (2) LIFO FIFO Cost of goods sold $ $ Ending inventory $ $ eTextbook and Media 2 Save for Later
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