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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

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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 Units Unit Cost Sales Units July 1 4 $140 July 6 3 July 11 7 $150 July 14 6 July 21 8 $161 July 27 5 Your answer is partially correct. Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round answers to 3 decimal places, e.g. $105.501.) Average cost for each unit July 1 $ $ 140 July $ 140 July 11 HA 148.75 July 14 ta 148.75 July 21 $ 158.55 July 27 $ 158.55 Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Round average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to O decimal places, e.g. 1,250.) FIFO MOVING-AVERAGE LIFO ler a perpetual inventory system $ 805 $ 762 $ 710

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