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 $140 July 6 July 11 7 $150 July 14 July 21 $161 July 27 4 3 6 8 5 (ai) 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 Average cost for each unit July 1 140 July 6 140 July 11 148.75 tA July 14 148.75 $ July 21 158.55 July 27 158.55 Click if you would like to Show Work for th SHOW SOLUTION SHOW ANSWER (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 0 decimal places, e.g. 1,250.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system
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