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Current Attempt in Progress Crane Company uses the periodic inventory method and had the following inventory information available: Units Unit Cost Total Cost 1/1 82

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Current Attempt in Progress Crane Company uses the periodic inventory method and had the following inventory information available: Units Unit Cost Total Cost 1/1 82 $5 $410 1/20 328 $6 1,968 Beginning Inventory Purchase Purchase Purchase 7/25 164 $7 1.148 10/20 246 $8 1,968 820 55.494 A physical count of inventory on December 31 revealed that there were 390 units on hand, Answer the following independent questions. (Round average per unit cost to 2 decimal places, es 15.25 and other answers to decimal places, eg. 1.525.) necen 31 - 100 5 A physical count of inventory on December 31 revealed that there were 390 units on hand. Answer the following independent questions. (Round average per unit cost to 2 decimal places, es 1525 and other answers to decimal ploces, 68. 1525) Assume that the company uses the FIFO method. The value of the ending inventory at December 31 ks Assume that the company uses the Average-Cost method. The value of the ending inventory on December 313 Assume that the company uses the LIFO method. The value of the ending inventory on December 31 is Determine the diference in the amount of income that the company would have reported if it had used the FIFO method instead of ti Would income have been greater or less e Textbook and Media SUTAM

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