Crane Company Inc had a beginning inventory of 135 units of Product RST at a cost of $7 per unit During the year, purchases were Feb 20 May 5 650 (a) units at 500 units at $8 $9 Your answer is correct Aug 12 The cost of goods available for sale Dec 8 Determine the cost of goods available for sale Crane Company uses a periodic inventory system Sales totaled 1,520 units Weighted average cost per unit $ 420 135 units at units at 16,330 Calculate weighted average cost per unit (Round answer to 3 decimal places, e g 5 125 ) $10 $11 8 875 Crane Company linc, had a beginning inventory of 135 units of Product RST at a cost of $7 per unit During the year, purchases were Crane Company uses a periodic inventory system Sales totaled 1 520 units (a) Determine the cost of goods available for sale The cost of goods available for sale Calculate weighted average cost per unit (Round answer to 3 decimal places, e g 5 125 ) Weighted average cost per unit 5 Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average cost) (Round answers to 0 decimal places, e g 150 )

Question

Crane Company Inc  had a beginning inventory of 135 units of Product RST at a cost of $7 per unit  During the year, purchases were  Feb  20 May 5 650 (a) units at 500 units at $8 $9 Your answer is correct  Aug  12 The cost of goods available for sale Dec  8 Determine the cost of goods available for sale  Crane Company uses a periodic inventory system  Sales totaled 1,520 units  Weighted average cost per unit $ 420 135 units at units at 16,330 Calculate weighted average cost per unit  (Round answer to 3 decimal places, e g  5 125 ) $10 $11 8 875 Crane Company linc, had a beginning inventory of 135 units of Product RST at a cost of $7 per unit  During the year, purchases were  Crane Company uses a periodic inventory system  Sales totaled 1 520 units  (a) Determine the cost of goods available for sale  The cost of goods available for sale Calculate weighted average cost per unit  (Round answer to 3 decimal places, e g  5 125 ) Weighted average cost per unit 5 Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average cost)  (Round answers to 0 decimal places, e g  150 )

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Crane Company Inc. had a beginning inventory of 135 units of Product RST at a cost of $7 per unit. During the year, purchases were:

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