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Crane Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 61 units at a cost
Crane Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 61 units at a cost of $6 per unit. During April, the following purchases and sales were made. Compute the April 30 ending inventory and April cost of goods sold under (a) average cost, (b) FIFO, and (c) LIFO. (Round cost per unit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 1,525.) (a) Average-cost - Ending Inventory (b) FIFO - Ending Inventory (c) LIFO - Ending Inventory $ $ $ Cost of Goods Sold Cost of Goods Sold Cost of Goods Sold $ $ $
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