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  3. at december 31 2017 the following information was available from...

Question: at december 31 2017 the following information was available from...

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At December 31, 2017, the following information was available from Crane Co.s accounting records: Cost Retail 158000 214000 Inventory, 1/1/17 Purchases Additional markups Available for sale 11080001430000 53000 Sales for the year totaled $152500D. Markdowns amounted to $11100. Under the lower-of-cost-or-market method, Cranes inventory at Decenber 31, 2017 was (Hint: Round intermediate calculation to 2 decimal places,e.g. 0.63 and final answer to decimal places.) $137325 129000. $120675. $323250

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