Question 22 View Policies Current Attempt in Progress Losses on an exchange of plant assets that has commercial substance are o not possible. O recognized immediately. O deducted from the cost of the new asset acquired. deferred. Question 27 View Policies Current Attempt in Progress Crane Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Units Total Per Unit Price $6 5.5 Balance, 1/1/20 220 Purchase, 1/15/20 150 Activate Windo $1320 825 I $6 Balance, 1/1/20 220 Purchase, 1/15/20 150 Purchase, 1/28/20 150 5.5 $1320 825 810 5.4 An end of the month (1/31/20) inventory showed that 190 units were on hand. If the company uses LIFO, what is the value of the ending inventory? Activate Window $1125 $1030 An end of the month (1/31/20) inventory showed that 190 units were on hand. If the company uses LIFO, what is the value of the ending inventory? O $1125 $1030 $1140 $1045