Question 7 View Policies Current Attempt in Progress Inventory information for Part 311 of Marigold Corp. discloses the following information for the month of June. June 1 Balance 302 units @ $11 June 10 Sold 198 units @ $27 11 Purchased 803 units @ $13 15 Sold 498 units @ $28 20 Purchased 498 units @ $14 27 Sold 296 units @ $30 Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. LIFO (2) FIFO Cost of Goods Sold S Ending Inventory $ e Textbook and Media 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 LIFO 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) eTextbook and Media Sunland Industries purchased $10,700 of merchandise on February 1, 2020, subject to a trade discount of 10% and with credit terms of 3/15./60. It returned $2,700 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. Assuming that Sunland uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. Of no entry is required, select "No entry for the account titles and enter for the amounts. Round answers to decimal places.es 6.578. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit e Textbook and Media Assuming that Sunland uses the periodic method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (If no entry is required, select "No entry for the account titles and enter for the amounts. Round answers to decimal places.es 6578. Credit account titles are automatically indented when amount is entered. Do not indent manually Date Account Titles and Explanation Debit Credit e Textbook and Media At what amount would the purchase on February 1 be recorded if the net method were used? (Round answer to decimal places, eg 6,578) Net prices