Hello,

Can someone please help me find the LIFO and Moving-Average cost? Red boxes, see below.

Thanks!

Exercise 6-16 a-c Crane Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $410 each. On January 10, Crane purchased 6 units at $550 each. The company sold 2 units on January 8 and 5 units on January 15. Your answer is correct. Compute the ending inventory under FIFO. (Round answer to 0 decimal places, e.g. 1,250.) FIFO The ending inventory 1100 LINK TO TEXTCompute the ending inventory under LIFO. (Round answer to U decimal places, e.g. 1, 250.) LIFO x The ending inventory 820 LINK TO TEXT x Your answer is incorrect. Try again. Compute the ending inventory under moving-average cost. ( Round average-cost per unit to 2 decimal places, e.g. 12.50 and final answer to 0 decimal places, e.g. 1,250.) MOVING-AVERAGE COST X The ending inventory 1007 Click if you would like to Show Work for this question: Open Show Work