Question: Problem 6-09A a1-a2, b (Part Level Submission) Crane Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had
Problem 6-09A a1-a2, b (Part Level Submission) Crane Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units July 1 5 $140 July 6 3 July 11 $160 July 14 July 21 7 $180 July 27 6 5 5 (al) Your answer is correct. Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round answers to 2 decimal places, e.g. $105.50.) Average cost for each unit July 1 140 July 6 140 July 11 155 July 14 155 July 21 172.5 July 27 172.5 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 5 used (a2) Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving average cost, and (3) LIFO. (Round average-cost per unit to 2 decimal places, e.g. 12.52 and final answer to o decimal places, e.g. 1,250.) FIFO MOVING-AVERAGE The ending inventory under a perpetual inventory system Click if you would like to Show Work for this question: Open Show Work LIFO $
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