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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 2020.

Quantities
Date Purchased Sold Balance Unit Price of Purchase
January 11 - - 430 $4.60
January 24 1,300 - 1,730 $4.80
February 8 - 330 1,400 -
March 16 - 605 795 -
June 11 630 - 1,425 $5.30

(a)

Compute the ending inventory at June 30 under the perpetual LIFO inventory pricing method.

Ending inventory $

Compute the cost of goods sold for the first 6 months under the periodic FIFO inventory pricing method.

Cost of Goods Sold $

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