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Crane uses the periodic inventory system. For the current month, the beginning inventory consisted of 7000 units that cost $9.00 each. During the month, the

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Crane uses the periodic inventory system. For the current month, the beginning inventory consisted of 7000 units that cost $9.00 each. During the month, the company made two purchases: 2800 units at $10.00 each and 11800 units at $10.50 each. Crane also sold 12700 units during the month. Using the FIFO method, what is the ending inventory? 580100 593450 SRS5

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