Question 1 of'IO > / 2 E View Policies Current Attempt in Progress Crane Company took a physical inventory on December 31 and determined that goods costing $150,000 were on hand. Not included in the physical count were $20,000 of goods purchased from Pelzer Corporation, FOB shipping point. and $18,500 of goods sold to Alvarez Company for $26,500, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at yeariend. What amount should Crane report as its December 31 inventory? Crane ending Inventory $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer Question 2 of 10 > - 12 . . . View Policies Current Attempt in Progress In its first month of operations, Waterway Company made three purchases of merchandise in the following sequence: (1) 340 units at $6, (2) 450 units at $7, and (3) 250 units at $8. Assuming there are 420 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Waterway uses a periodic inventory system. FIFO LIFO Cost of the ending inventory $ $Question 3 of'lO - / 2 E View Policies Current Attempt in Progress In its rst month of operations, Bramble Company made three purchases of merchandise in the following sequence: (1) 350 units at $7, (2) 430 units at $8, and (3) 220 units at $9. (a) Calculate the average unit cost. { Round answer to 2 decimal places, e.g. 15.25.) Average unit cost $ eTextbook and Media Save for Later Attempts: 0 of 5 used (b) Compute the cost of the ending inventory under the averagecost method, assuming there are 400 units on hand. {Round answer to 0 decimal places, 8.32 1,250.) The cost ofthe ending inventory $ eTextbook and Media Question4of'IO 44 E Current Attempt in Progress Bramble Company had 110 units in beginning inventory at a total cost of $13,200. The company purchased 220 units at a total cost of 1533.000. At the end of the year. Bramble had 7'6 units in ending inventory. (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO. LIFO. and averagecost. (Round average-cost per unit and nal answers to 0 decimal places. 9.3. 1,250.} FIFO LIFO Average-cost The cost of the endin . g $ $ as Inventory The cost of goods sold 15 $ $ eTextbook and Media Save for Later Attempts: 0 of 5 used (bl Which cost ow method would result in the highest net income? \\/ LIFO method Average-cost method FIFO method Attempts: 0 of5 used (Ci Which cost ow method would result in inventories approximating current cost in the balance sheet? V eTextbook and Media Save for Later Attempts: 0 of 5 used (d) Which cost ow method would result in Bramble paying the least taxes in the first year? V in... Question 8 of10