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Crane Company uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts in the following perpetual inventory record: (Round cost

Crane Company uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts in the following perpetual inventory record: (Round cost per unit to 2 decimal places, e.g. 52.75.)

Purchases Cost Of Goods Sold Inventory Balance
Date Units Cost Total Units Cost Total Units Cost Total

June 1

Beginning Inventory

210 $25.90 $5,439 210 $25.90 $5,439

7

410 $22.00 $9,020 enter a number of units $enter a dollar amount rounded to 2 decimal places $enter a dollar amount
enter a number of units $enter a dollar amount rounded to 2 decimal places $enter a dollar amount
$enter a total of the two previous amounts

18

210 $enter a dollar amount rounded to 2 decimal places $enter a dollar amount enter a number of units $enter a dollar amount rounded to 2 decimal places $enter a dollar amount
170 $enter a dollar amount rounded to 2 decimal places $enter a dollar amount
380 $enter a total of the two previous amounts

26

350 $20.90 $7,315 enter a number of units $enter a dollar amount rounded to 2 decimal places $enter a dollar amount
enter a number of units $enter a dollar amount rounded to 2 decimal places $enter a dollar amount

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