answer in text form please (without image),,,,,,,,,,,,,,,,,,,,,, Please answer both the question , otherwise skip it, these are easy question Current Attempt in ProgressCrane Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available.April 1 inventoryApril 15 purchaseApril 23 purchaseEnding inventoryCost of goods soldUnitsApril 1 inventoryApril 15 purchaseApril 23 purchase220450Ending inventory330Cost of goods sold1,000Current Attempt in Progress$$Compute the April 30 inventory and the April cost of goods sold using the FIFO method.Units2704402901,000Unit CostOriole Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available.$11$13$14Unit CostTotal Cost$3036$2,420395,8504,620$12,890Total Cost$8,100Compute the April 30 inventory and the April cost of goods sold using the LIFO method.15,84011,310$35,250

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Description: answer in text form please (without image),,,,,,,,,,,,,,,,,,,,,, Please answer both the question , otherwise skip it, these are easy question Current Attempt in ProgressCrane Company uses a periodic inventory system. For April, when the comp

FIFO method is one of the methods of inventory valuation in which it is assumed that old purchases…

Business

Accounting

Current Attempt in Progress Crane Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available. April 1 inventory April 15 purchase April 23 purchase Ending inventory Cost of goods sold April 1 inventory April 15 purchase April 23 purchase Units 220 Ending inventory 450 Cost of goods sold 330 1,000 $ $ Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Units 270 440 290 1,000 Unit Cost Current Attempt in Progress Oriole Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. $11 $ 13 $ 14 Unit Cost $30 Total Cost 36 $2,420 39 5,850 4,620 $12,890 Total Cost $ 8,100 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. 15,840 11,310 $35,250

Current Attempt in Progress Crane Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available. April 1 inventory April 15 purchase April 23 purchase Ending inventory Cost of goods sold April 1 inventory April 15 purchase April 23 purchase Units 220 Ending inventory 450 Cost of goods sold 330 1,000 $ $ Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Units 270 440 290 1,000 Unit Cost Current Attempt in Progress Oriole Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. $11 $ 13 $ 14 Unit Cost $30 Total Cost 36 $2,420 39 5,850 4,620 $12,890 Total Cost $ 8,100 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. 15,840 11,310 $35,250

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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