Question
Inventory data for Crane Company are reported as follows. Date Explanation Units Unit Cost Total Cost June 1 Inventory 200 $4 $800 12 Purchase
Inventory data for Crane Company are reported as follows. Date Explanation Units Unit Cost Total Cost June 1 Inventory 200 $4 $800 12 Purchase 600 5 3,000 23 Purchase 350 2,100 30 Inventory 140 Assume a sale of 650 units occurred on June 15 for a selling price of $7 and a sale of 360 units on June 27 for $9. Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e.g. 2.525) June 1 $ June 12 June 15 June 23 $ June 27 $ eTextbook and Media
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