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:

Bullish Signals

Indications in the financial markets suggesting that the prices of securities are likely to rise.

Frequent Trading

A strategy involving the high turnover of portfolio assets, aiming to capitalize on short-term market movements.

Frequent Trading

The practice of buying and selling securities or other financial instruments within the same trading day, often seeking to capitalize on small price movements.

Prior Beliefs

Initial opinions or convictions held before being exposed to new evidence or information, often used in the context of Bayesian analysis.