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Crane Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 200 $6.00 $1,200 12 Purchase 250

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Crane Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 200 $6.00 $1,200 12 Purchase 250 7.00 1,750 23 Purchase 550 8.00 4,400 30 30 Inventory 60 (a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO. Ending inventory Cost of goods sold SA FIFO +A LIFO

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