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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

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 5 $140
July 6 3
July 11 6 $160
July 14 5
July 21 7 $180
July 27 5

(a1)

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 $

July 6 $

July 11 $

July 14 $

July 21 $

July 27 $

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