You are given the following information for Crane Company for the month ended November 30, 2021:

(PLEASE ATTEMPT ALL THE PARTS OF THE QUESTION)

You are given the following information for Crane Company for the month ended November 30, 2021: Date Description Units Unit Price Nov. 1 Beginning inventory 60 $51 9 Purchase 110 45 15 Sale (125) 22 Purchase 155 44 29 Sale (170) 30 Purchase 43 43 Crane Company uses a perpetual inventory system. All sales and purchases are on account. Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted average cost per unit to two decimal places, e.g. 5.27 and final answers to 2 decimal places, e.g. 5,275.75.) Cost of goods sold $ Ending inventory $ List of Accounts Assume the sales price was $68 per unit for the goods sold on November 15. Prepare the journal entry to record the November 15 sale. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round the average cost per unit to two decimal places, eg, 5.27 and final answers to 2 decimal places, eg,5,275.75) Date Account Titles and Explanation Debit Credit Nov. 15 (To record sales on account.) Nov. 15 (To record cost of goods sold.) List of Accounts (To record cost of goods sold.) List of Accounts If the company changes from weighted average to FIFO and prices continue to fall, would you expect the cost of goods sold and ending inventory amounts to be higher or lower? If prices continue to fall, the FIFO cost formula will continue to yield ending Niventory and cost of gc List of Accounts