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Problem 6-09A al-a2, b (Part Level Submission) Crane Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had
Problem 6-09A al-a2, b (Part Level Submission) Crane Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units $140 $150 July 1 July 6 July 11 July 14 July 21 July 27 $161 (al) (2) Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving average cost, and (3) LIFO. (Round average-cost per FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system Click if you would like to Show Work for this question: Open Show Work
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