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Crane Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Per Units Unit Price
Crane Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Per Units Unit Price Total Balance, 1/1/20 150 $4.00 $600 Purchase, 1/15/20 70 5.10 357 Purchase, 1/28/20 70 5.30 371 An end of the month (1/31/20) inventory showed that 120 units were on hand. If the company uses FIFO, what is the value of the ending inventory? O $618 O $591 O $480 O $626
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