In the first month of operations. Crane Company made three purchases of merchandise in the following sequencei (1) 252 units at 56 . (2) 378 units at $7, and (3) 504 units at $9. Assuming there are 378 units on hand. Compute the cost of the ending inventory under the FIFO method and the LIFO method. Crane uses a periodic inventory system. Sandhill Company had beginning inventory on May 1 of $14,400. During the month, the company made purchases of $45,600 but returned $2,400 of goods because they were defective. At the end of the month, the inventory on hand was valued at $19,800. Calculate cost of goods available for sale and cost of goods sold for the month. Cost of goods available for sale $ Cost of goods sold 5 Crane Company's inventory records show the following data for the month of September: A physical inventory on September 30 shows 300 units on hand. Cakculate the value of ending inventory and cost of goods sold if the company uses FIFO imventory costing and a periodic inventory system. Ending inventory $ Cost of goods sold Sandhill Company's inventory records show the following data for the month of September: A physical inventory on September 30 shows 500 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses LIFO inventory costing and a periodic inventory system. Ending inventory Cost of goods sold $