Question: View Policies Current Attempt in Progress Crane Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had

View Policies Current Attempt in Progress Crane Co. began operations on July1. It uses a perpetual inventory system. During July, the company hadthe following purchases and sales Purchases Date Units Unit Cost Sales Units

View Policies Current Attempt in Progress 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 4 $140 July 6 3 July 11 7 $150 July 14 6 July 21 B $161 July 27 5 (a1) Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round intermediate calculations to O decimal places and final answers to 3 decimal places, eg. 5105.501) s (a1) Calculate the average cost per unit at July 1. 6. 11. 14,21 & 27. (Round intermediate calculations to O decimal places and final answers to 3 decimal places eg $105501) Average cost for each unit- July 1 $ July 6 July 11 $ July 14 $ July 21 $ July 27 $ eTextbook and Media Save for Later (x2) Attempts: 0 of 5 used Submit Annaan 3 (2) Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving average cost, and LIFO Round average-cost per unit to 3 decimal places, eg 12.520 and final answer to 0 decimal places, es 1.250) The ending inventory under a perpetual inventory system eTextbook and Media (b) Which costing method produces the highest ending inventory? eTextbook and Media Mathe Late FIFO MOVING AVERAGE Attempts 0 of 5 us Attempts 0 of 5 used A

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