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Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. (Round average-cost
Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. (Round average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to O decimal places, e.g. 1,250.) FIFO The cost ending inventory $ The cost of goods sold LIFO Moving-Average Cost Inventory data for Crane Company are reported as follows. Date Explanation Units Unit Cost Total Cost June 1 Inventory 200 $4 $800 12 Purchase 600 5 3,000 23 Purchase 350 6 2,100 30 Inventory 140 Assume a sale of 650 units occurred on June 15 for a selling price of $7 and a sale of 360 units on June 27 for $9. (a1)
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