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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 Description Units

You have the following information for Crane Inc. for the month ended October 31, 2025. Crane uses a periodic system for inventory. Date Description Units Unit Cost or Selling Price Oct.1 Beginning inventory 50 $24 Oct.9 Purchase 130 26 Oct.11 Sale 100 40 Oct.17 Purchase 100 27 Oct. 22 Sale 50 45 Oct. 25 Purchase 60 29 Oct. 29 Sale 110 45. Calculate ending inventory, cost of goods sold, and gross profit under each of the following methods. 1. LIFO 2. FIFO 3. average-cost

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