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Crane Company uses a periodic inventory system and reports the following for the month of June. Date June 1 (a1) 12 23 30 Explanation Units
Crane Company uses a periodic inventory system and reports the following for the month of June. Date June 1 (a1) 12 23 30 Explanation Units Unit Cost Inventory Purchase Purchase Inventory 105 Weighted-average unit cost 350 200 230 LA $5 $ 6 7 Total Cost $525 Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) 2,100 1,400
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