On December $1,2022,$ Crane Company had the account balances shown below. $($e$)$

Your answer is correct.

Compute ending inventory and cost of goods sold under FIFO, assuming Crane Company uses the periodic inventory system.

Ending Inventory $

Cost of Goods Sold $

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List of Accounts

Attempts: $2$ of $5$

$($f$)$

:$\text{'}$ Your answer is incorrect.

Compute ending inventory and cost of goods sold under LIFO, assuming Crane Company uses the periodic inventory system.

Ending Inventory $

Cost of Goods Sold $

$*(4,000$$$0\mathrm{.}60)$

The following transactions occurred during December:

Dec. $3$ Purchased $4,200$ units of inventory on account at a cost of $$0\mathrm{.}74$ per unit.

$5$ Sold $4,600$ units of inventory on account for $$0\mathrm{.}90$ per unit. $($Crane sold $4,000$ of the $$0\mathrm{.}60$ units and $600$ of the $$0\mathrm{.}74.)$

$7$ Granted the December $5$ customer $$201$ credit for $200$ units of inventory returned costing $$134.$ These units were

returned to inventory.

$17$ Purchased $2,200$ units of inventory for cash at $$0\mathrm{.}80$ each.

$22$ Sold $3,100$ units of inventory on account for $$0\mathrm{.}95$ per unit. $($Crane sold $3,100$ of the $$0\mathrm{.}74$ units.$)$

Adjustment data:

Recognized accrued salaries payable $$600.$

Recognized depreciation $$240$ per month.

Solve for F