Question: THE ANSWER IS NOT 790 OR 710 FOR LIFO.. THE ANSWER IS NOT 790 OR 710 FOR LIFO.... Crane Co. began operations on July 1.

THE ANSWER IS NOT 790 OR 710 FOR LIFO..

THE ANSWER IS NOT 790 OR 710 FOR LIFO....

Crane Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units July 1 4 $140 July 6 3 July 11 7 $150 July 14 6 July 21 8 $161 July 27 5 (a1) (a2) Your answer is partially correct. Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Round average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to 0 decimal places, e.g. 1,250.) FIFO MOVING-AVERAGE LIFO rpetual inventory system $ 825 $ 793 $ e Textbook and Media Save for Later Attempts: 1 of 5 used Submit Answer ( (b)

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