Question: Crane Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was3sets at $580each. On January 10, Crane purchased6units at

Crane Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was3sets at $580each. On January 10, Crane purchased6units at $650each. The company sold2units on January 8 and5units on January 15.

ending inventory FIFO

ending inventory LIFO

ending inventory under moving-average cost

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