The Following Information Is Available for Crystal Company Required:
Answer the Following Questions for Crystal Company:
A Jan

question 57

Essay

The following information is available for Crystal Company:
$\begin{array}{lll}\text { Jan. } 1 & \text { Beginning inventory } & 15 \text { units } @ \$ 12.00 \text { each } \\\text { Jan. } 9 & \text { Purchase } & 10 \text { units } @ \$ 16.00 \text { each } \\\text { Jan. } 14 & \text { Sale } & 6 \text { units } \\\text { Jan. } 20 & \text { Purchase } & 6 \text { units } @ \$ 18.00 \text { each } \\\text { Jan } 26 & \text { Sale } & 9 \text { mits }\end{array}$
Required:
Answer the following questions for Crystal Company:
a. If FIFO is in use, what is the ending invent ory in doilars?
b. If periodic LIFO is in use, what is the cost of goods sold?
c. If moving average is in use, what is the ending inventory in dollars (round calculations to nearest cent)?
d. If weighted average is in use, what is the ending inventory in dollars (round unit cost to the nearest cent)

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Definitions:

Logarithm

The exponent that a base, typically 10 or e, needs to be elevated to in order to generate a specific number.

Graph

A visual representation of data, functions, or equations, typically plotted with an x and y axis.

Natural Logarithm

The logarithm to the base e, where e is an irrational and transcendental number approximately equal to 2.71828.

Graph

An image that demonstrates the system of interactions or affiliations among two or more entities by employing distinctive visual tools such as dots, lines, and bars.