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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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