answer must be in table format or i will give down vote Crane Trading Company uses a periodic inventory system and has a beginning inventory as of April 1 of 270 tents. This consists of 270tents purchased in February at a cost of $450 each. During April, the company had the following purchases and sales of tents.PurchasesSalesDateUnitsUnit CostUnitsUnit PriceApril 3193$64010320$490173706402442051030320640640(a1)Determine cost of goods available for sale and ending inventory in units.Cost of goods available for saleEnding inventory in unitseTextbook and MediaSave for Later$Attempts: 0 of 2 used Submit Answer(a2)Determine the April cost of goods sold and the cost of the April 30 ending inventory using FIFO, LIFO, and average-cost. (Roundaverage-cost ending inventory to 2 decimal places, e.g. 5.12 and final answers to O decimal places, e.g. 5,250.)Cost of the ending inventory$Cost of goods sold$FIFO$LIFOAverage-cost$$

Part a1:Computation of cost of goods available for sale by using the following method:Resultant…

Answered: Crane Trading Company uses a periodic…

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter6: Inventories

Section: Chapter Questions

Problem 2PB: LIFO perpetual inventory The beginning inventory for Dunne Co. and data on purchases and sales for a...

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Jessie Stores uses the periodic system of calculating inventory. The following information is available for December of the current year when Jessie sold 500 units of inventory. Using the FIFO method, calculate Jessies inventory on December 31 and its cost of goods sold for December.
Jessie Stores uses the periodic system of calculating inventory. The following information is available for December of the current year when Jessie sold 500 units of inventory. Using the FIFO method, calculate Jessies inventory on December 31 and its cost of goods sold for December. RE7-11 Using the information from RE7-10, calculate Jessie Storess inventory on December 31 and its cost of goods sold for December using the LIFO method.
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