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You have the following information for Crane Inc. for the month ended October 31, 2025. Crane uses a periodic system for inventory. Date Oct. 1
You have the following information for Crane Inc. for the month ended October 31, 2025. Crane uses a periodic system for inventory. Date Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale Weighted-average cost per unit eTextbook and Media Units 50 Ending inventory 130 $ 100 100 50 60 110 1. LIFO. 2. FIFO. 3. Average-cost. (Round answers to O decimal places, e.g. 125.) Unit Cost or Selling Price $24 Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) LIFO 26 40 $ 27 Calculate ending inventory, cost of goods sold, and gross profit under each of the following methods. 45 29 45 FIFO $ AVERAGE-COST
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