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Crane Company sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Cranes purchases and sales

Crane Company sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Cranes purchases and sales of the ultra-lightweight snowboard in October:

Date Transaction Units Unit Purchase Price Unit Sales Price

Oct. 1

Beginning inventory

25 $297

10

Purchase

30 304

12

Sale

(42) $469

13

Purchase

35 310

25

Sale

(45) 479

27

Purchase

20 316

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Exercise 6-15 Crane Company sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Crane's purchases and sales of the ultra-lightweight snowboard in October: Unit Sales Price Date Oct. 1 10 Unit Purchase Price $297 304 12 Transaction Beginning inventory Purchase Sale Purchase Sale Purchase Units 25 30 (42) 35 (45) 20 $469 310 13 25 479 27 316 x Your answer is incorrect. Try again. Calculate the cost of goods sold and the ending inventory using FIFO and weighted average, assuming Crane uses a perpetual inventory system. (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,265.25.) FIFO Weighted Average x Ending inventory X x Cost of goods sold x Your answer is incorrect. Try again. What would be the ending inventory and cost of goods sold if Crane used FIFO and weighted average in a periodic inventory system? (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,265.25.) FIFO Weighted Average Ending inventory Cost of goods sold x $

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