Plz explain in detail Compute the April 30 ending inventory and April cost of goods sold under ta) average cost, (bi FIFO, and (c) LIFO. (Round cost per unit to2 decimal places, eg 15.25 and final answer to O decimal places, eg 1,525)(a)Average-cost - Ending InventoryCost of Goods Sold(b)FIFO-Ending Inventory%24Cost of Goods Sold(c)LIFO- Ending inventoryCost of Goodh Sold Crane Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 61 units at a cost of$6 per unit. During April, the following purchases and sales were made.PurchasesApril 751units at $7.0013102units at $8.002372units at $9.002941units at $10.00266SalesApril 5102units at $201172units at $202062units at $203031units at $20267

Crane Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 61 units at a cost of Số per unit. During April, the following purchases and sales were made. Purchases April 7 51 units at $7.00 13 102 units at $8.00 23 72 units at $9.00 29 41 units at $10.00 266

Crane Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 61 units at a cost of Số per unit. During April, the following purchases and sales were made. Purchases April 7 51 units at $7.00 13 102 units at $8.00 23 72 units at $9.00 29 41 units at $10.00 266

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter11: Work Sheet And Adjusting Entries

Section: Chapter Questions

Problem 3E: Basga Company uses the periodic inventory system. Beginning inventory amounted to 241,072. A...

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