Question: please answer all with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation. Inventory information for

please answer all with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation.

please answer all with correct and detailed
Inventory information for Part 311 of Novak Corp. discloses the following information for the month of June. June 1 Balance 297 units @ $17 June10 Sold 203 units @ $42 11 Purchased 795units@ %21 15 Sold 498Bunits @ 544 20 Purchased 500units@ $23 27 Sold 303 units @ $47 Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. (1) 12) LIFO FIFO Cost of Goods Soid % Ending Inventory % S Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the value of the ending inventory at LIFO? The ending inventory at LIFQO 5 eTextbook and Media 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 FIFO? Gross Profit (FIFO) %

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