Crane Company reports the following for the month of June. June 1 (a) 12 23 30 Inventory 200 Purchase Purchase Units 400 300 Inventory 100 Cost of goods sold Cost of the ending inventory $ Unit Cost $4 5 6 Total Cost $800 Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. FIFO 2,000 1,800 $ $ LIFO

Crane Company reports the following for the month of June. (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO and LFO