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Crane Company just began business and made the following four inventory purchases in June: June 1 158 units $ 1072 June 10 208 units 1560

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Crane Company just began business and made the following four inventory purchases in June: June 1 158 units $ 1072 June 10 208 units 1560 June 15 208 units 1752 June 28 158 units 1368 $5752 A physical count of merchandise inventory on June 30 reveals that there are 218 units on hand. The inventory method which results in the highest gross profit for June is the FIFO method. the average cost method. the LIFO method. O not determinable

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