Question: also, what would the ending inventory be at june 30 if FIFO was used Crane Corporation sells item A as part of its product line.

also, what would the ending inventory be at june 30 if FIFO was used also, what would the ending inventory be at june 30 if FIFO

Crane Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2020. Quantities Purchased Sold Unit Price of Purchase $4.70 $4.80 Date January 11 January 24 February 8 March 16 June 11 1,320 Balance 440 1,760 1,420 860 1,560 340 560 700 $5.20 (a) Compute the ending inventory at June 30 under the perpetual LIFO inventory pricing method. Ending inventory $

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