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Crane Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given
Crane Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2025. Date January 11 January 24 February 8 March 16 June 11 (a) Purchased 1,320 Ending inventory 700 Quantities $ Sold 340 560 Balance 440 1,760 1,420 860 1,560 Unit Price of Purchase $4.70 $4.80 Compute the ending inventory at June 30 under the perpetual LIFO inventory pricing method. $5.20
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