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View Policies Current Attempt in Progress In its first month of operations, Crane Company made three purchases of merchandise in the following sequence: 200 units at $13; 250 units at $12, and 300 units at $11

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View Policies Current Attempt in Progress In its first month of operations, Crane Company made three purchases of merchandise in the following sequence: 200 units at $13; 250 units at $12, and 300 units at $11. There are 420 units on hand at the end of the period. Crane uses a periodic inventory system Calculate the cost of the ending inventory and cost of goods sold under FIFO. FIFO Ending inventory $ Cost of goods sold eTextbook and Media Calculate the cost of the ending inventory and cost of goods sold under weighted average. (Round weighted average cost per unit to two decimals places e.g. 52.75 and final answers to decimal places eg. 5,275.) Weighted average $ Ending inventory Cost of goods sold