Question: Current Attempt in Progress Crane Company uses a periodic inventory system and its accounting records include the following inventory information for the month of July;

Current Attempt in Progress Crane Company uses a periodic inventory system and its accounting records include the following inventory information for the month of July; A physical inventory count determined that 620 units were on hand at July 31. A physical inventory count determined that 620 units were on hand at July 31 . (a) Calculate the ending inventory and the cost of goods sold under (1) FiFO and (2) weighted average. (Round the weighted averase cost per unit to 2 decimal places, eg. 52.75 and final answers to 2 decimal places, e 3.5.275.75.)
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