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Crane Inc. is a retailer operating in Calgary, Alberta. Crane uses the perpetual inventory system. Assume that there are no credit transactions; all amounts are
Crane Inc. is a retailer operating in Calgary, Alberta. Crane uses the perpetual inventory system. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Crane for the month of January 2025. (a1) Your answer is correct. Calculate weighted-average unit cost (Round answers to 3 decimal places, e.g. 5.125.) Jan. 1$ Jan.2$ Jan.6$ Jan. 9$ Jan. 10$ Jan. 23$ Jan. 30$ eTextbook and Media Assistance Used Attempts: 4 of 12 usec (a2) For each of the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inventory, and (iii) gross profit. (Round answers to 0 decimal places, e.g. 125.) (1) LIFO. (2) FIFO. (3) Moving-average. eTextbook and Media Attempts: 0 of 12 used
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