Calculate Crane Pet Shop Ltd. ending inventory balance using: (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to 0 decimal places, e.g. 61,052.) i. FIFO ii. Weighted-average Weighted-average FIFO $ The FIFO $ Ending Inventory Which of the two inventory cost formulas results in the larger inventory balance at the end of July? cost formula results in a larger inventory balance at the end of July.

Calculate Crane Pet Shop Ltd. ending inventory balance using: (Round calculations for cost per unit to 2 decimal places, e. 8 . 10.52 and final answers to 0 decimal places, e.g. 61,052.) 1. FIFO ii. Weighted-average Which of the two inventory cost formulas results in the larger inventory balance at the end of July? The cost formula results in a larger inventory balance at the end of July. At the beginning of its operations in July 2024, Crane Pet Shop Ltd. began with 7,790 units of inventory that it purchased at a cost of $14.60 each. The company's purchases during July were as follows: Jul 6.150 units @$18.00 Sales during July: July 2 6,970 units July 27 4,100 units Crane Pet Shop uses a periodic inventory system