Crane Corp. manufactures accessories, including fitness watches. The company's production costs have been decreasing rapidly due to a steady decline in the cost of electronic components.

Pertinent information about Crane's watch inventory in December follows:

$($Click the icon to view the data.$)$

Required

a$.$ What was the value of Crane's ending inventory assuming the company adopted a FIFO cost flow assumption?

b$.$ What was Crane's cost of goods sold for the month assuming it adopted a weighted$-$average cost flow assumption and employed a periodic inventory system?

c$.$ What was Crane's ending inventory assuming it adopted a weighted$-$average cost flow assumption and employed a perpetual inventory system?

Requirement a$.$ What was the value of Crane's ending inventory assuming the company adopted a FIFO cost flow assumption?

Compute the ending inventory under FIFO by completing the table below. $($When entering sales, enter the oldest cost first, and leave any unused lines