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solve part C and show work .thanks Crane Company sells one peoduct Presented below is iaformation for laruarvflor Crane Compine Crane wses the FIFO cost

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Crane Company sells one peoduct Presented below is iaformation for laruarvflor Crane Compine Crane wses the FIFO cost fow assamotion. Als purchases and sales are on account (a) Your answer is cocrect Assume Crane uses a periodic system. Pregare all necessary joarnal entries, including the end of -month ciasing entry to record entry" for the occount titiles and enter o for the amaunts. Credt account tities areautonotically indentaf ahen amuunt is entereal Do nat indett monuathe List ail drbit entries befort andit entries.] Assume Crane uses a perpetual system. Prepare all necessary journalentries. (ff no entry is requlred, select "No entry" for the account titles and enter O for the amounts. Credil occount titles are outomotically indented when amount is entered Do not indent monuoliy. List all

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