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Beginning inventory 492 units at $4.00 First purchase 738 units at $6.00 Second purchase 410 units at $7.00 Assume that Crane uses a periodic inventory

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Beginning inventory 492 units at $4.00 First purchase 738 units at $6.00 Second purchase 410 units at $7.00 Assume that Crane uses a periodic inventory system and that there are 600 units left at the end of the month. Compute the cost of ending inventory under the (a) FIFO method. (b) LIFO method. Cost of ending inventory FIFO $ LIFO ta $

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