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Crane Company has the following inventory information. July 1 Beginning Inventory 10 units at $80 50 units at $90 5 14 21 30 Purchases Sale
Crane Company has the following inventory information. July 1 Beginning Inventory 10 units at $80 50 units at $90 5 14 21 30 Purchases Sale Purchases Sale 50 units $2690 $2700 $2670 $2676 40 units at $90 20 units Assuming that a perpetual inventory system is used, what is the ending inventory (round all unit costs to three decimal places and all cost of goods sold and balance calculations to nearest dollar) under the moving-average cost method?
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