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At May 1, 2020, Crane Company had beginning inventory consisting of 250 units with a unit cost of $5.50. During May, the company purchased inventory
At May 1, 2020, Crane Company had beginning inventory consisting of 250 units with a unit cost of $5.50. During May, the company purchased inventory as follows: 730 units at $5.50 520 units at $7.00 The company sold 1070 units during the month for $14 per unit. Crane uses the average cost method. The average cost per unit for May is $5.500 $6.020. $9.637. $7.000
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