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Homework answers / question archive / Crane Trucks uses the periodic inventory method and had the following purchases of toy trucks during the month of December

Crane Trucks uses the periodic inventory method and had the following purchases of toy trucks during the month of December

Accounting

Crane Trucks uses the periodic inventory method and had the following purchases of toy trucks during the month of December. Crane sold 84 trucks during the month. Date Transaction Units Unit Cost 12/1 10 $15 12/8 45 $20 Beginning inventory Purchase No. 1 Purchase No. 2 Purchase No 3 12/15 30 $25 12/26 15 $35 Answer the following questions (a) Your answer has been saved See score details after the due date How much is the dollar value of the endine inventory on December 31 if the average cost method is used! Ending inventory $ 372 How much is the dollar value of the ending inventory on December 31 and the cost of goods sold during December if the LIFO inventory method is used? Ending inventory $ 420 Cost of goods sold $ 1905 Attempts: 1 of 1 used (c) Your answer has been saved. See score details after the due date. How much is the dollar value of the ending inventory on December 31 and the cost of goods sold during December if the FIFO inventory method is used? $ 550 Ending inventory $ 1775 Cost of goods sold

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