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need help. ACC 201 Crane Lighting had a beginning inventory of 33 units at a cost of $ 7 per unit on August 1. During
need help. ACC 201
Crane Lighting had a beginning inventory of 33 units at a cost of $ 7 per unit on August 1. During the month, the following purchases and sales were made. Purchases Sales August 5 38 units at $ 8 August 2 28 units August 11 48 units at $ 9 August 10 33 units August 23 43 units at $ 10 August 19 63 units August 21 33 units Crane uses a periodic inventory system. Determine ending inventory and cost of goods sold under: 1. FIFO and 2. LIFO. FIFO LIFO 1. Ending inventory 2. Cost of goods sold $ $ Step by Step Solution
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