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Can you please show the work? Can you please show where you are getting the numbers from and write down formulas. I'm actually trying to
Can you please show the work? Can you please show where you are getting the numbers from and write down formulas. I'm actually trying to learn the material to do it by myself in the future. Crane Inc is a retailer operating in British Columbia, Crane uses the perpetual inventory system. All sales returns from customers result in the goods being returned to inventory: the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Crane Inc. for the month of January 2022 Date Description Beginning inventory Quantity Unit Cost or Selling Price $12 100 January 1 January 5 Purchase 137 15 January 8 Sale 112 23 January 10 Sale return 10 23 January 15 Purchase 55 17 January 16 Purchase return 5 17 January 20 Sale 85 27 January 25 Purchase 17 19 Calculate the Moving average cost per unit at January 1,5,8, 10, 15, 16, 20, & 25. (Round intermediate calculations to O deci places and final answers to 3 decimal places, eg. 5.251.) Moving Average Cost per unit January 1 12 January 5 13.734 January 8 13.734 January 10 $ 13.734 January 15 14.680 $ 14.617 January 16 January 20 $ 14.617 January 25 $ 15.254 For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gross profit. (1) LIFO (2) FIFO. (3) Moving-average cost. (Round average-cost per unit to 3 decimal places, eg. 12.502 and final answer to decimal places, eg. 1,250.) LIFO FIFO Moving-average Cost of goods sold 2,505 $ VA 2.723.544 Ending inventory $ 1,455 $ 1.923 $ $ 1,704.456 Gross proht $ -329.685 $ 138.315 $ -80.229
Can you please show the work? Can you please show where you are getting the numbers from and write down formulas. I'm actually trying to learn the material to do it by myself in the future.
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