Current Attempt in Progress Crane Company had a beginning inventory balance on July 1 of 10 units at a cost of $300 each. During the month the following inventory transactions took place Date July 10 13 27 Perchases Cost per Units unit 1320 $310 90 3. 30 610 3.70 a te July 2 1 1 28 Units 3 00 1020 110 Price per unit $6.10 Calculate the cost of goods available for sale and Cost of goods available for sale Number of units of ending inventor Textbook and Media List of Accounts Assume Craneuses FIFO periodic. Calculate the cost of ending inventory cost of the goods sol Ending inventory Cost of goods sold 5 Gross pro Assume Crane FFO perpetual Calculate the cost of an inventory.cost of goods sold and gross pront Endventory Cost of goods sold Gross profit e Textbook and Media List of Accounts try s quired select No Ensin Prepare journal entries to record the July 10 purchase and the July 11 sale using (1) FIFO periodic and FIFO perpetual Assume both the sale and purchase were for cash if no account titles and enter for the amounts Credit accountitles are automatically indented when the amount is entered. Do not indent manually (1) FIFO periodic Debit Credit Date Account Titles and Explanation July 10 (To record cash purchase July 11 to record cash sale. 12FIFO perpetual Date Account Titles and Explanation July 10 (To record cash purchase July 11 (To record cash sales.) July 11 (To record cost of goods sold.)