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24 Crane Company's inventory records show the following data: Units Unit Cost Inventory, January 1 10000 $10.00 Purchases: June 18 5000 8.00 November 8 5000

24 Crane Company's inventory records show the following data: Units Unit Cost Inventory, January 1 10000 $10.00 Purchases: June 18 5000 8.00 November 8 5000 8.00 A physical inventory on December 31 shows 4000 units on hand. Crane sells the units for $11 each. The company has an effective tax rate of 18%. Crane uses the periodic inventory method. The weighted-average cost per unit is $8.76 $9.00 $8.77 $10.10image text in transcribed

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