Exercise 8-10 a-c (Part Level Submission) Inventory Information for Part 311 of Crane Corp. discloses...
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Accounting
Exercise 8-10 a-c (Part Level Submission) Inventory Information for Part 311 of Crane Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 298 units @ $10 797 units @ $12 505 units @ $13 June 10 15 27 Sold Sold Sold 199 units $24 497 units O $26 295 units $28 (a) Assuming that the periodic Inventory method is used, compute the cost of goods sold and ending Inventory under (1) LIFO and (2) FIFO. (1) (2) LIFO Cost of Goods Solds Ending Inventory FIFO LINK TO TEXT
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